Alberta Wind Energy Corporation (“AWEC”) was formed in 2003 to develop independent wind farm projects. The Company is currently focused on developing four sites, taking a staged approach to power generation and shareholder value creation. In addition, the Company currently owns and operates two wind power turbines, with a capacity of 3.6 MW.
To date, AWEC has raised privately approximately $15,000,000 of equity and convertible debentures and currently has approximately 6 million shares outstanding.
In March 2009, AWEC signed a partnership agreement with Luxembourg Mainstream Renewable Power S.A.R.L, a subsidiary of Mainstream Renewable Power Company of Ireland, for the development of the Oldman 2, Windy Point, Waterton and Old Elm/Pothole Creek projects.
The AWEC team continues efforts to lease additional locations for future wind farm development.
Alberta Wind Energy Corporation is a member of the Canadian Wind Energy Association (CANWEA) and is active in supporting the wind power industry in Canada.