Shear Wind Signs Power Purchase Agreement With Nova Scotia Power
Posted on: Thursday, 3 April 2008, 09:01 CDT
Shear Wind has signed a 60MW power purchase agreement with Nova Scotia Power in connection with a 20-year power supply commitment to Nova Scotians.
The 60MW of clean electricity will be produced at the Glen Dhu Wind Park in Pictou County, near Merigomish, Nova Scotia. Shear Wind is planning to erect 30 Enercon E-82, 2MW turbines that will meet the energy demands of 17,500 homes per year. The Glen Dhu Wind Park represents a $150 million investment for Shear Wind in Nova Scotia.
Mike Magnus, President and CEO of Shear Wind, said: "This 60MW power purchase agreement (PPA) is Nova Scotia Power's largest award to date. In addition to the initial 60MW, the expansion potential for further build-out is an additional 170MW, as indicated by NSPI interconnection studies. This positions the Glen Dhu Wind Park in an optimal position to participate in export opportunities as well as future requests for proposals in order to secure additional PPAs."
Source: Datamonitor
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