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Strategy
Western Wind has assembled an expert team for sourcing, acquiring and developing early-stage wind properties. It is Western Wind's strategy to leverage this experience to aggressively grow the company. One of the main strategies of Western Wind's management is to access and acquire rare real estate that is suitable for wind farming where the company can develop profitable wind energy projects. By owning and controlling these properties and operating efficiently as a public company, Western Wind will be able to grow into a mid-size wind developer and operator.
Focus on California
Western Wind is primarily focused on developing projects in California. This state is one of the most attractive markets for renewable energy projects because of the large size of the market and the 2010 Renewable Portfolio Standard. The 2010 Renewable Portfolio Standard is a legislation that requires California utilities to generate 20 percent of electricity from renewable sources by 2010, currently 13 percent is required. Based on published market price referents by the California Public Utility Commission, Western Wind expects that over the next few years, 20-year power contracts will be set at an average long-term price of $105/MWh. Comparatively, between $73 and $75 MWh is currently being offered for long-term power contracts in Alberta, British Columbia and some US states.
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