Calgary-based company Ventori Energy Inc. is looking to build wind turbines in Valemount. In exchange for land where the turbines can be installed, the company would share 25 per cent of its revenue with the Village, the company’s vice president Sarah Scott said in a delegation to Valemount Council on Nov. 26.
According to court documents obtained by The Goat, Oelofse has been sued at least twice: once in 2018 for fraud, and again in 2021 for neglecting to pay the law firm he contracted to help him obtain patents. Installing wind turbines in Valemount could generate millions of dollars in revenue, according to Scott and Blair. The revenue would be split four ways between the Village, Ventori, Pascel, and another investor. According to Scott, the company has not found the fourth investor yet.
“This is a really good question, because whose responsibility is it to replace the turbines? These are all questions that we’re still working out,” Scott said. “The way the agreement would work is that we are selling the energy, we’re not selling you the turbines.” Pearson asked if the village could continue working with Independent Power Producers if it partnered with Ventori.