About the CompanyChinook Power Corp.
A Clean Energy Company
Founded in December 2004, Chinook is a privately-owned, Canadian developer of renewable energy with a focus on wind energy sites in British Columbia. Pre-feasibility assessments on high quality wind energy sites in the Peace River, Skeena, Cariboo, Chilcotin and Okanagan areas of British Columbia have been completed with very encouraging results.
To-date Chinook has received 23 Investigative Licenses from the British Columbia Government to examine the potential for wind energy production on over 200,000 acres of crown land. Preliminary estimates of wind energy capacity from these sites are in excess of 2,500 MW
Follow-up work on these sites is underway to confirm wind resource and energy output, conduct environmental permitting, preliminary engineering design, transmission studies and gain local community and First Nations support.
In June 2008, BC Hydro issued the Clean Power Call (CPC). The CPC was concluded in mid-2010. Six wind projects were awarded electricity purchase agreements along with twenty hydro projects and one waste heat project.
One of the six wind projects, Capital Power Corp.’s Quality Wind Project (QWP), was initially developed by Chinook and represents the largest project awarded with a CPC electricity purchase agreement. For Chinook, the success of the QWP demonstrates a strategic achievement in identifying an economic and socially acceptable wind energy project.
It also allows Chinook to further investigate its many other wind energy sites and move one step closer towards developing, owning and operating its own projects.
By developing wind resources, Chinook can offer shareholders significant long-term value while meeting the demands for green, renewable energy in Western Canada.
In addition, Chinook is forging alliances with other wind developers, financiers and suppliers to co-develop wind energy sites in British Columbia.