Ranking for 2014: 54
Industry Sector: Energy
Specific Sector: Wind
Range: $500,000,000 - $1 billion
Project Value: $850,000,000
Government Funds Involved: N/A
Funding Source: Private
Location: Township of Ashfield-Colborne-Wawanosh, Ontario
Estimated End Date of Substantial Completion: 2015
This 270-MW renewable energy facility has a 20-year power purchase agreement from the Ontario Power Authority under the Green Energy Infrastructure Agreement. Once operational, it will generate clean power for approximately 100,000 Ontario homes annually and is located on privately owned lands in the Township of Ashfield-Colborne-Wawanosh, Ontario.
Like nearly all rural wind farms in Ontario, K2 Wind has incited opposition from some locals. The owners responded by creating a Community Renewable Energy Benefit, which pays $1,500 annually to landowners not already participating through land lease option agreements but who are located within 1 km of project infrastructure. K2 has also entered into two agreements with the township: the Community Benefits Fund Agreement will deliver approximately $15 million in funding to the township for community initiatives over the next two decades, and the Road User Agreement details how the township and K2 Wind will work together during the project’s development.
Project construction began in March 2014, and commercial operation is expected to begin in the first half of 2015.