EnerForge, a subsidiary of Oshawa Power and Utilities Corporation, along with equity partner, Ottawa Renewable Energy Co-operative (OREC), has announced the acquisition of a portfolio of Ontario-based renewable energy assets.
These assets, located in Bruce and Huron Counties, have been added to the growing EnerForge distributed energy operating platform, said a joint statement.
“The partnership with OREC was a perfect match when the opportunity to acquire solar and wind generation assets presented itself. For Oshawa Power and EnerForge the acquisitions are in line with the company’s strategic growth objective of expanding its renewable energy asset portfolio. This acquisition will increase Oshawa Power’s installed solar capacity by about 30 per cent, while diversifying the company’s generation portfolio with the addition of the first utility-scale wind asset to the portfolio,” said Ivano Labricciosa, President and CEO of Oshawa Power Group.
“OREC is excited to bring its co-operative ownership model to this wind turbine in partnership with EnerForge. Our co-operative is committed to welcoming members and investors from the surrounding communities and stay true to our principles of local ownership and continuing to diversify our growing renewable energy portfolio,” said Graham Findlay, Vice President, OREC.
No further details were released.