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Thursday, August 19, 2004

Pacific Hydro to punt on more wind power

Pacific Hydro is aiming to expand its wind-power business by building between 500 and 700 megawatts of wind capacity in the next four years, according to managing director Jeff Harding.

That ambitious program will require the company to spend up to $1.1 billion. And, if the higher of those capacity figures is achieved, Pacific Hydro will contribute the lion's share of the roughly 1000 MW of renewable generation still to be built under the mandatory renewable energy target (MRET) subsidy scheme.


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