About Us
A2 Turbine - Oldman 1 Project
Alberta Wind Energy Corporation ("AWEC") was formed in 2003 to develop independent wind farm projects. Thus far, the Company has focused its efforts principally in the Pincher Creek area of southern Alberta, Canada.
The area in which the wind farms are being constructed is commonly recognized as one of the best operating areas for wind projects in the country, with sites boasting higher capacity utilization factors than many other areas in Canada.
The Company is currently focused on developing six 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 Cardston projects. AWEC and Mainstream may also endeavor to co-develop future opportunities in the Province of Alberta.
On March 26, 2012, the Alberta Wind Energy Corporation purchased 1,000,000 common shares of N.A. Power Generation Inc. ("NAPG") representing a 47.6 % ownership interest as at May 29, 2012. Mr. Stewart Duncan, CEO of AWEC, and Mr. Russell Edwards, Director of AWEC, have been appointed to the board of directors of NAPG with Mr. Edwards serving as Chairman. AWEC has agreed to provide management services to NAPG for a period of two years commencing on April 1, 2012. The business plan of NAPG is to become listed on the Toronto Stock Exchange as a Foreign Asset Income Trust (FAIT), and concurrently acquire interests in contracted power generation and transmission assets in the United States. In addition, on March 26, 2012, the AWEC engaged, under contract, Mr. Brad Crilly and Mr. Marvin Waiand, both of whom have significant experience in the finance and power sector.
AWEC has appointed Mr. Crilly as President, and Mr. Waiand as Chief Financial Officer of the Corporation. Mr. Crilly and Mr. Waiand also serve as officers, directors and shareholders of NAPG.
The AWEC team continues efforts to lease additional locations for future developments.
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.
The area in which the wind farms are being constructed is commonly recognized as one of the best operating areas for wind projects in the country, with sites boasting higher capacity utilization factors than many other areas in Canada.
The Company is currently focused on developing six 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 Cardston projects. AWEC and Mainstream may also endeavor to co-develop future opportunities in the Province of Alberta.
On March 26, 2012, the Alberta Wind Energy Corporation purchased 1,000,000 common shares of N.A. Power Generation Inc. ("NAPG") representing a 47.6 % ownership interest as at May 29, 2012. Mr. Stewart Duncan, CEO of AWEC, and Mr. Russell Edwards, Director of AWEC, have been appointed to the board of directors of NAPG with Mr. Edwards serving as Chairman. AWEC has agreed to provide management services to NAPG for a period of two years commencing on April 1, 2012. The business plan of NAPG is to become listed on the Toronto Stock Exchange as a Foreign Asset Income Trust (FAIT), and concurrently acquire interests in contracted power generation and transmission assets in the United States. In addition, on March 26, 2012, the AWEC engaged, under contract, Mr. Brad Crilly and Mr. Marvin Waiand, both of whom have significant experience in the finance and power sector.
AWEC has appointed Mr. Crilly as President, and Mr. Waiand as Chief Financial Officer of the Corporation. Mr. Crilly and Mr. Waiand also serve as officers, directors and shareholders of NAPG.
The AWEC team continues efforts to lease additional locations for future developments.
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.
