Greengate Power Sells Its 300 MW Blackspring Ridge Wind Project: Western Canada's Largest Wind Energy Project
With the sale of Blackspring Ridge completed, Greengate will now focus its attention on advancing the development of the other projects in its portfolio. This portfolio includes the 150 MW Paintearth Wind Project which is immediately adjacent to Halkirk, the 150 MW Wheatland Wind Project which is immediately adjacent to the operating 88 MW Wintering Hills Wind Power Project, and the 150 MW Stirling Wind Project which is in close proximity to the operating 30 MW Chin Chute Wind Power Project.
About Greengate Power Corporation
Greengate is a privately held renewable energy project developer based in Calgary, Alberta, Canada, focused on the development of high quality wind energy projects. Greengate is currently developing 850 MW of wind energy projects across Alberta on approximately 100,000 acres of private land. For more information on Greengate, please visit www.greengatepower.com.
FORWARD LOOKING STATEMENTS:This news release contains forward-looking statements and forward-looking information (collectively "forward looking information") within the meaning of applicable securities laws. In particular, forward looking information in this news release includes, but is not limited to: statements with respect to Blackspring Ridge and Greengate's other wind energy projects, including the expected completion date, cost, producing capacity and relative size of Blackspring Ridge and the environmental and economic impact of Blackspring Ridge and Halkirk. The forward-looking information is based on certain key expectations and assumptions made by Greengate, including expectations and assumptions concerning the development of its wind energy projects and other wind projects in Canada; the state of the economy and the cleantech business; business prospects and opportunities; the current regulatory and political environment; and existing financial commitments.. Although Greengate believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Greengate can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof and Greengate undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. SOURCE Greengate Power Corporation
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