in News Departments > Projects & Contracts
print the content item

Nova Scotia Power has entered negotiations with independent power producers for 240 MW of wind energy. According to Ralph Tedesco, president and CEO of Nova Scotia Power, discussions are under way with a number of developers for projects at eight sites throughout the province.

This addition of renewable energy represents the largest investment in new power generation in Nova Scotia since construction of the Point Aconi generating station in 1992.

"By 2013, nearly 20 percent of all Nova Scotia's electricity will come from green sources like wind," says Energy Minister Richard Hurlburt. "Nova Scotia has some of the highest average wind speeds in Canada - and in the wind business, more speed means more power."

The installation will represent an investment of more than $500 million for wind turbines and associated construction. The contracts for the energy produced by wind turbines will be worth approximately C$1.5 billion over the life of those contracts.

Power purchase agreements are scheduled to be signed by the end of this year, with installation of turbines to take place before the end of 2009.


Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
Canwea_id1984