General Electric Co. will supply 61 wind turbines to San Francisco-based Pattern Development for its Meikle wind project in British Columbia, the company said. No terms were disclosed.
The transaction may be worth about $207 million, according to Bloomberg New Energy Finance. The estimated value for turbines with those types of rotor diameter delivered in 2016 may be $1.15 million per megawatt, according to Dan Shurey, wind power analyst at BNEF in New York.
Once operational, the 180-megawatt project will be the largest wind farm in British Columbia and raise the western Canadian province’s capacity for the renewable energy source by 38 percent. It will power about 54,000 homes.
“Although this will be the largest wind project in the province, it is not likely to be surpassed in size anytime soon,” Shurey said. “There is a pipeline of over 4,500 megawatts of proposed wind projects that are essentially on hold until the province signals a need for additional wind energy capacity.”
Canada generated approximately 9.7 gigawatts from wind power in 2014, about 7 percent of its total electricity mix, according to BNEF data.