GODERICH, Ontario, March 24, 2014 /PRNewswire/ -- Workers are beginning to build the K2 Wind Power Project (K2 Wind), which broke ground today following the successful completion of an $850 million financing, which was secured with 15 financial institutions in the form of a construction loan that will convert to long-term operational debt. Located in Goderich, the 270 megawatt (MW) wind power project is hiring local workers and using Ontario-made products, including 140 wind turbine towers made in Windsor and blades manufactured in Tillsonburg. As the project gears up, workers have already rented more than two dozen apartments and homes in Goderich, and employees are helping to boost the local economy as they shop in the area. In total, more than 1,000 workers from across southwestern Ontario will be involved in the manufacturing and assembly of the wind turbines, as well as site construction and operations. Once operational in the second half of 2015, K2 Wind will generate clean power for approximately 100,000 Ontario homes each year. The Project will create approximately 18 to 24 permanent full-time positions, generating about $1.5 million of employment income annually. K2 Wind is being developed jointly by Samsung Renewable Energy, Inc. (Samsung), Pattern Energy Group LP (Pattern Development) and Capital Power LP (Capital Power).
