Berkshire Hathaway Energy

BHE Canada’s Rattlesnake Ridge Wind Farm Now Operational

(BRK.A), (BRK.B)

Berkshire Hathaway Energy’s BHE Canada announced that the Rattlesnake Ridge Wind Farm is now commercially operational and supplying low-cost, renewable energy to Alberta’s grid.

The 26-turbine wind farm is located southwest of Medicine Hat. It is the company’s first wind farm in Canada and will provide Alberta consumers with 130 megawatts of energy, enough to power the equivalent of 78,000 homes.

The wind farm is privately financed by BHE Canada through a combination of equity and debt, requiring no government subsidies or tax incentives to support its operation.

“This is an exciting milestone for us, and for Alberta’s energy industry, with new grid-scale wind generation constructed and operating without government subsidies,” said Ed Rihn, President and CEO of BHE Canada. “We’re proud to facilitate a more sustainable energy future for Albertans and look forward to more investment opportunities in Alberta and across Canada.”

BHE Canada signed power purchase agreements with four Canadian corporate partners, providing them with environmental attributes to meet their environmental targets and offset existing carbon production.

Construction began in 2020 with Renewable Energy Systems (RES) providing construction services. RES has extensive experience in building large-scale renewable energy projects around the world. An estimated 150 jobs were provided to local Alberta contractors and suppliers during peak construction.

“The Rattlesnake Wind project is our 20th major renewable construction project in Canada, and we are pleased to see this project achieve commercial operation,” said Liam Duffy, RES General Manager of Construction, Canada. “The addition of this facility showcases our commitment to the construction of wind energy and brings RES closer to fulfilling our vision of a future where everyone has access to affordable zero carbon energy.”

To celebrate the milestone, a ribbon-cutting event was held at the Rattlesnake project site just outside of Medicine Hat. Representatives from BHE Canada and RES were joined by Mr. Grant Hunter, MLA Taber-Warner, and Craig Widmer, Reeve of County of Forty Mile, to help mark the occasion.

“Southern Alberta is home to some of the best supply of wind energy in the world. It is with pleasure that I congratulate BHE Canada on developing the Rattlesnake Ridge Wind Power Project,” said Grant Hunter, MLA Taber-Warner. “The County of Forty Mile will greatly benefit from this renewable wind project, and so will 78,000 homes in Alberta. Rattlesnake stands on its own without any government funding, as Albertans would expect.”

“With southern Alberta being the sunniest and relatively breezy at times, our area provides an exceptional opportunity for renewable energy companies to capture these resources and provide the province with clean renewable energy,” said Craig Widmer, Reeve of County of Forty Mile.

© 2022 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.