in News Departments > Projects & Contracts
print the content item

Maritime Electric, a wholly owned subsidiary of Fortis Inc., has been approved by the Island Regulatory and Appeals Commission (IRAC) for a power purchase agreement with P.E.I. Energy Corp., a utility that serves Prince Edward Island.

According to the companies, the agreement allows for the purchase of 39 MW of wind power. P.E.I. Energy Corp. will develop a 30 MW wind farm at East Point from the purchase and, the company says, the first wind energy from the wind farm could begin moving through the new transmission lines before the end of January 2007. The energy price under the agreement is for $0.0775/kWh.


Advertisement

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015