Phase 3

Phase 3 will be comprised of four wind farms adjacent to the Company’s Phase 1 and Phase 2 wind farms, sharing the same wind resource. The project is expected to be completed by the end of calendar 2012 and to generate approximately 400 million KWh per year annually once the wind farms are in full production.

Under the terms of an engineering, procurement and construction contract with a major turbine supplier, that supplier will deliver and install the planned 132 1.5 MW wind turbines as well as provide engineering and construction management for the 198 MW Phase 3 development.  As at October 31, 2012, 111 of the 132 sets of wind turbines planned for Phase 3 have been delivered to the site, with 104 sets of wind turbines having been installed to date.

Phase 3 Timeline

April 2011 Received government approval
August 2011 Signed engineering, procurement and construction contract
September 2011 Construction commenced
December 2012 Construction to be completed