Utah Company Selling Lake Erie Wind Prospect

Stock quotes in this article: KHD  

SALT LAKE CITY (AP) — A Utah company has announced it is selling the development rights for a sprawling wind farm on the Canadian half of Lake Erie.

Wasatch Wind Inc. says it's turning over the project on undisclosed terms to Calgary, Alberta-based Canadian Hydro Developers Inc.

A spokesman for the Canadian company says the deal is still in the works and refused comment.

Park City, Utah-based Wasatch Wind says the wind farm would be the largest offshore project of its kind in the world, three to 18 miles off the Ontario coastline.

It would anchor at least 2,000 giant wind turbines cranking out as much as 4,400 megawatts of electricity — enough to power two million homes.

The Utah company refused to say how it came by the development rights on Canadian waters.

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