Algonquins of Pikwakanagan First Nation purchases majority stake in wind farm

Photo credit: www.edpr.com

The Algonquins of Pikwakanagan First Nation has purchased a majority stake in the 100-megawatt Nation Rise Wind Farm in eastern Ontario.

EDP Renewables (EDPR) developed and constructed the wind farm and recently completed the sale of a 50.01 percent ownership stake in project to Chi-Nódin Limited Partnership, owned by the Algonquins of Pikwakanagan First Nation. 

The Nation Rise Wind Farm is a 29-wind turbine, 100-megawatt project, in the Municipality of North Stormont that achieved commercial operations on Wednesday (June 14th, 2021).

EDPR will be responsible for the operations and maintenance of the project throughout its lifecycle.

The Algonquins of Pikwakanagan First Nation has been actively investing in renewable clean
technology, taking into consideration the environment and current trends to move away from
fossil fuels.

The Algonquins of Pikwakanagan First Nation currently has interests in several renewable energy projects in their territory, including five microfits operating in their community.

Chi-Nódin Limited Partnership Board of Directors representative Amanda Two-Axe Kohoko says
the opportunity for the Algonquins of Pikwakanagan First Nation to participate in the local economy and to be partners in renewable energy projects and local businesses definitely positions the community for success, and they look forward to this venture as well as many others that we expect to come in the
future.

The wind farm represents a significant investment for the local and provincial economy in the more than 230 local construction jobs it created as well as the establishment of approximately 10 permanent
local jobs, who will manage the operations and maintenance of the wind farm, and numerous indirect jobs during the project’s operations.

Further, the project will inject more than $45 million over 30 years into the local community through municipal taxes, a community benefit fund, charitable contributions, and landowner payments.

EDPR North America CEO Miguel Prado says the development and construction of the Nation Rise Wind Farm required herculean efforts and months of tireless, persistent work from many devoted employees, contractors, and stakeholders.

He adds through the collaboration with the Algonquins of Pikwakanagan First nation, they are pleased to provide cost-effective energy to Ontarians for decades to come.