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Energy firm backed by Warren Buffett to build a $150 million wind farm in Canada

October 16, 2019

Construction work on a 117.6-megawatt (MW) wind farm in the oil-rich province of Alberta, Canada, will start next year.

In an announcement Tuesday, BHE Canada — a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway Energy — said the Rattlesnake Ridge Wind project would generate “enough energy to supply the equivalent of 79,000 homes.”

Costing over 200 million Canadian dollars ($151.2 million), the scheme is being privately financed by BHE Canada using equity and debt. The firm added that a “large Canadian corporate partner” had inked a “long-term power purchase agreement” for most of the energy produced by the project.

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