Calgary-based Canadian Hydro Developers Inc. said Friday it has terminated its earlier plans to purchase a subsidiary that is developing one of the largest wind farms in the world in Ontario.
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Province disputes Lake Erie wind project
Neither of the companies that announced the transfer of development rights for a massive wind farm on Lake Erie owns those rights, Ontario authorities told The Associated Press on Thursday.
The Ontario Ministry of Natural Resources disputed accounts offered the day before by a U.S. company, which said it had acquired and was selling the rights to operate giant wind turbines on the Canadian half of Lake Erie, and a Canadian company that said it was buying those rights.
Utah-based Wasatch Wind Inc. said it was transferring rights to a 4,400-megawatt “offshore wind prospect” to Canadian Hydro Developers Inc. of Calgary, Alberta.
Canadian Hydro, a publicly traded company, affirmed in a separate statement that it was acquiring those rights. The pact received widespread news coverage in Canada.
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See also “Canadian Hydro plans offshore wind farm in Lake Erie”
