ArcStar Energy News

ArcStar Completes Phase II Resource Assessment and Business Case in Canadian Arctic

Integration of Renewables with Diesel Generation in Remote Mines and Communities is a Game-Changer.
Toronto, ON, February, 2013 - ArcStar Energy has completed the second phase of a wind resource assessment and business case on behalf of a major iron ore mining project in Roche Bay, Nunavut. An earlier study determined that the integration of wind energy with traditional diesel generation could reduce diesel fuel consumption dramatically and produce operational savings of several hundred million dollars over the first 20 years of mine life. The objectives of this phase of the study were to further quantify the mine wind resources, identify potential turbine sites and suppliers and develop an investment model and business case for third-party financing and ownership of the energy infrastructure.

In addition to expense reduction from lower diesel consumption, the study identified major savings in fuel transportation, storage and handling, as well as significant environmental benefits from transporting, storing and burning less fossil fuel in sensitive Arctic environments. The business case validated that these integrated systems can also support attractive returns for investors who finance these advanced integrated systems in return for long-term power purchase commitments from the operating mine.

About ArcStar Energy

ArcStar Energy, with locations in Toronto and New York, is a renewable energy investment company. Our purpose is to develop or accquire superior energy investments on behalf of our investors. Working with municipal, commercial and industrial customers and utilities, ArcStar offers energy investment solutions that create secure long-term, predictable and profitable revenue streams.

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