Ikea to buy 88MW Canadian wind farm from TransAlta

Apex Clean Energy Multi-year contract with IKEA Canada to manage and provide remote operations for Wintering Hills IKEA US has purchased two wind farms from Apex. 165MW Cameron Wind in Texas 98MW Hoopeston in Illinois. Both in 2014. Apex operates and maintains both. “This expansion of our asset management business sends a strong signal to the market,” says Apex chief exeutive Mark Goodwin. Apex put more wind on the US grid than any other company in 2015. Has the industry’s largest and most diverse pipeline of projects in active development. Wintering Hills is the 11th project in Apex’s asset-management fleet. 1.7GW.

Ikea has agreed to acquire the 88MW Wintering Hills wind farm in Alberta, Canada from TransAlta and Teck Resources for C$119.6m ($91.3m), in two separate deals.

Ikea awarded Apex Clean Energy a multi-year contract to manage operate the wind farm.

Wintering Hills was commissioned in 2011 using 55 GE 1.6MW turbines, and is located 130km east of Calgary, near Drumheller.

TransAlta, Canada’s largest wind generator, will receive C$61m for its 51% stake in the wind farm, while metal and mining giant Teck Resources will sell its 49% stake for C$58.6m.