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Wind power: part of the answer

As a significant player in electricity generation across the continent, TransCanada appreciates the benefits of investing in wind power. Wind is one of the few commercial sources of reliable, renewable energy that is without harmful emissions. And, although wind power represents just two per cent of the electricity currently used by North Americans, we believe it is an important part of solution to the emissions challenge we all face.

We have focused our efforts on regions where we already operate. We understand the nature and needs of these energy markets and are recognized as a responsible developer. Our efforts to date include:

• Cartier Wind Energy Inc. (TransCanada 62 per cent ownership) —a $1.1 billion investment in six Hydro-Québec Distribution projects representing 740 megawatts (MW):
  • Baie-des-Sables (109.5 MW);
  • Anse-à-Valleau (100.5 MW);
  • Carleton (109.5 MW);
  • Les Méchins (150 MW);
  • Montagne-Sèche (58.5 MW); and
  • Gros-Morne I and II (211.5 MW).
• Obtained rezoning approval for 132 MW Kibby Wind Power Project in Maine

We intend to seek other opportunities as well because wind power is one of the fastest growing segments of the North American power industry. It garners $7 to $10 billion worth of investment annually and contributes 3,000 to 4,000 megawatts of power per year into the grid.

“Our focus is to grow this side of the business and to attain or maintain new assets with low or marginal operating costs while diversifying the power portfolio,” said Terry Bennett, TransCanada’s Director of Wind Energy. “This growth will likely occur within the areas of our existing footprint—Canada, the U.S. Northeast, Midwest and Pacific Northwest.”

TransCanada is also working on complementary projects such as our Chinook and Zephyr lines that would add new transmission capacity and allow additional wind generation to be built.

The growth of wind power presents challenges. Finding a suitable location with strong and consistent wind resources close to a transmission line is critical to the economic viability of a wind farm. In addition, it is vital to address all stakeholder concerns. Common concerns include visibility and noise issues, and the impact of the turbine towers on birds and bats.

“Most people love the idea of wind, but not everyone loves it when it is being developed close to them,” said Bennett. “This is why it is very important we have a solid stakeholder communications plan, something TransCanada excels at, and why we have had success with our projects.”