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TERRY HUI ANNOUNCES COMMERCIAL OPERATION OF
SASKATCHEWAN'S
LARGEST INDEPENDENT WIND POWER PROJECT
VANCOUVER, March 15 /CNW/ - Concord Pacific's new green energy arm,
Concord Green Energy, is proud to announce that Red Lily I, a
state-of-the-art wind turbine power station, is complete and is now
successfully generating renewable energy. It is the largest independent wind
power project in Saskatchewan and will contribute significantly toward
Canadian carbon reductions.
Red Lily I consists of 16 Vestas V82 wind
turbine generators. The first phase will generate 26.4 MW. It will have an
expected annual energy production of 88,000 MW-hrs. This is the
approximate average consumption for 20,000 "condominium" homes and
is equivalent to the number of homes developed in Concord Pacific Place in
downtown Vancouver and Concord CityPlace in Toronto.
A proposed second phase of the project is estimated to generate 106 MW.
"Being based in Vancouver and active in the residential high-rise
development business, we live and breathe the building industry and can see
the global environmental direction of the future," Concord President
Terry Hui explains. "We firmly believe the
demand for clean and sustainable green energy will increase. The shift to
electric powered cars will play an important role in changing the profile of
our electricity consumption."
With this project, Concord Pacific will provide a significant
contribution toward carbon reductions in Canada. "With this project, and
the projects in development through our renewable energy programs, wind power
will make up about 8.5 per cent of SaskPower's
total generating capacity," said Robert Watson, President and Chief
Executive Officer, SaskPower. "This project
specifically will reduce green house gases by about
63,782,611 kilograms each year - that's an environmental benefit equivalent
to removing about 16,400 vehicles from Canadian road."
From its development business, Concord has learned that staying at the
forefront of technologies and stepping up commitments of infrastructure are
essential to sustainable communities. While developing Concord Pacific Place,
a community already meeting LEED Gold Neighbourhood
Design criteria, Concord was the first community created with fibre infrastructure in its buildings and recently the
first to provide 220v infrastructure to accommodate future plug-in electric
car demands. Mr. Hui expresses, "We plan to
continue our investment in green energy technology both in our building
projects and the clean energy sector itself. Among all environmental
initiatives, green energy and energy efficiency technologies are probably the
most measurable and certain in terms of environmental and financial
benefits."
Concord Pacific is proud to be headquartered in Vancouver, a world
leading progressively green city, and is energized to be working with
Canada's established clean energy leader, Algonquin Power and Utilities Corp.
Algonquin is managing what is planned to be a two-phase large scale clean
energy project initially developed by Gaia Power Inc. "We are very
pleased that our contribution in the Canadian clean, renewable energy
business continues to grow, "commented Ian Robertson, Chief Executive
Officer of APUC. "Concord Pacific exemplifies innovation in sustainable
communities and the successful completion of Red Lily reinforces both
Concord's and Algonquin's focus on economic longevity, environmental respect
and community engagement."
Concord Green Energy will be looking at a variety of investment
opportunities in green energy technologies and production over the coming
years. The Concord Erickson Energy and Architecture Fellowship was recently established in the School of Architecture and
Landscape Architecture (SALA) at UBC to further research and innovation in
building energy technologies.
About Concord Pacific and Concord Green Energy
Concord Pacific is a developer of multi-phased, master planned residential neighbourhoods that are strategically designed to enhance
the lifestyles of its residents. The company's legacy as a master-planned
community developer began with Concord Pacific Place on the former Expo `86
grounds on Vancouver's False Creek waterfront. This project has steadily
transformed the city's skyline and redefined urban living. To date, Concord
Pacific Place includes more than 10,000 homes, intermixed with parks, schools
and a variety of retail and commercial services. The final phase of the
community will transform the north-eastern shore of False Creek into a truly
sustainable community with innovative architecture and engaging public spaces
of world-class scale and use.
Concord Pacific recently created Concord Green Energy to explore and
support a variety of zero carbon energy producing projects of scale. Energy
considerations and solutions will be significant to the success of
sustainable communities in the future. Planning for the infrastructure needs
and requirements of Canadians has always been a cornerstone to Canada's first
urban community builder. Creating sustainable and clean energy to power the
communities of the future is the vision of Concord Green Energy.
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