Western Wind Energy Corp. (TSX-V:WND) has sourced 60 turbines for its next major power project.
The Vancouver-based company said Monday it has purchased 120 megawatts of Gamesa G8X Series wind turbines for its Windstar project in Southern California’s Tehachapi Pass.
The company said Windstar will be the largest wind farm developed to date in the U.S. by a Vancouver company, and the purchase also comes with a 10-year operation and maintenance agreement with Gamesa.
“This agreement is a first with an important new customer, Western Wind Energy, and will strengthen our footprint and leading position in the U.S. market,” commented Dirk Matthys, Gamesa’s North American CEO.
Western Wind already holds a 20-year electricity supply agreement with Southern California Edison for the project, which it said is worth more than $700 million.
According to the company’s website, Windstar is expected to cost $270 million, of which Western Wind has already invested $6 million.
On Friday Western announced it had secured a $275 million financing for the project.
The company is also using the U.S.’s Section 1603 program, a subset to the American Reinvestment and Recovery Act, to partially fund the construction of the wind farm.
The company could not be reached for further comment.
At press time, Western Wind’s shares were up $0.02 to $1.35.