in News Departments > New & Noteworthy
print the content item

The Oxford Community Energy Co-operative (OCEC) has raised more than C$2 million in two weeks to support funding for the Gunn's Hill wind farm, located in Oxford, Ontario.

The OCEC is a renewable energy cooperative established in response to the Green Energy and Green Economy Act. It offers Oxford County and Ontario residents an opportunity to become members and investors. The co-op's goal is to create a more environmentally sustainable community without the need to compromise its stated objective for profit potential.

Construction on the project is expected to begin in late fall 2014, according to Juan Anderson, vice president of Prowind Canada, which is helping to develop the project.

According to the OCEC, project milestones include:
  • Obtaining a feed-in tariff contract in July 2011;
  • Passing Ontario's Renewable Energy Approval process; and
  • Signing a turbine supply and maintenance agreements with Senvion, which will supply blades for the project from its Welland, Ontario-based manufacturing facility.
"This project creates opportunity for investment, contributing to a more integrated energy system in Oxford County and bringing local residents together to act in a more coordinated fashion to address environmental issues," says Helmut Schneider, president of the co-operative.

The co-op seeks to raise an additional C$7 million in equity capital by September.


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015