| Canadian wind turbine maker announces US$2.6-million sale to Massachusetts town
(CP) – July 24, 2009
MONTREAL — AAER Inc. (TSXV:AAE) says it will supply a 1.65-megawatt wind turbine that will be capable of producing enough electricity to power about one-tenth of the homes in the town of Baldwinville, Mass.
The contract, worth approximately US$2.6 million, includes a warranty, and a five years operation and maintenance service agreement.
The purchaser is the Massachusetts Municipal Light Department Wind Energy Cooperative, comprised in part of Templeton Municipal Light and Water Plant in Baldwinville, about 100 kilometres northwest of Boston.
Located in Bromont, Que., AAER manufacturers wind turbines capable of producing one megawatt or more of electricity.
"We are pleased to be the supplier of choice from among a group of bidders for the Templeton, Massachusetts wind project," said Dave Gagnon, AAER's president and chief executive.
"We believe that our turbine will be able to generate approximately 10 per cent of the town's annual electricity requirements for the residential segment."
