Housing developer Concord Pacific has entered the clean energy game.
On Tuesday, the iconic Vancouver developer said its Red Lily I wind power project in Saskatchewan was complete and generating renewable energy.
The company, which is know for its Concord Pacific Place project on Vancouver’s waterfront, said Red Lily consists of 16 wind turbine generators that can generate 26.4 megawatts.
That means the project will generate 88,000 megawatt-hours of electricity per year, the company said, or about enough to power 20,000 condominiums.
“Being based in Vancouver and active in the residential high-rise development business, we live and breathe the building industry and can see the global environmental direction of the future,” said Concord president Terry Hui.
“We firmly believe the demand for clean and sustainable green energy will increase. The shift to electric powered cars will play an important role in changing the profile of our electricity consumption.”
Red Lily cost approximately $69 million to build in a partnership between Concord and Ontario’s Algonquin Power & Utilities Corp., which operates $1.1 billion of renewable projects in North America.