First, there was no news, really, just a snazzy billboard and lotsa guys in blue suits gathered in one room for photos. We already knew there was going to be a 300 megawatt farm near St. Joseph built by Babcock & Brown and BowArk. There's still no power purchase deal in place, which would be real news. The province just wanted to stave of criticism that the project is slow-going.
Second, it was interesting that BowArk wasn't at the press conference, considering the project was their brainchild and they worked with many of the farmers on the land leases and were kind of the go-to guys for the reeves. BowArk recently expressed frustration at the slow pace of negotiations with Hydro.
Third, I wonder how the other wind companies like Sequoia and Canadian Hydro Developers - among the proponents of the 83 projects that got beat out by Babcock & Brown - feel about the St. Joseph project. Sequoia, a Manitoba company, has gone south for most of its work.
A savvy source sent me a recent report on alternative energy written by Scotia Capital, all about which green companies might be good to invest in. The Calgary-based Canadian Hydro won kudos, but the report notes that more than 1,000 megawatts of wind on the company's to-do list is in Manitoba.
"While the wind regime is strong in its Manitoba development regions, we don't see the company commissioning a substantial amount of wind power capacity in the province over the next five years," reads the report. Not exactly a ringing endorsement.