in News Departments > New & Noteworthy
print the content item

Robert Ghiz, the premier of Prince Edward Island has announced a 500 MW wind power development plant.

Ghiz outlined provincial wind development policy in a paper called "Island Wind Energy, Securing Our Future: The 10 Point Plan." The $1 billion plan is the first step toward the goal of having 500 MW of wind energy produced on Prince Edward Island by 2013.

"Countries, provinces and states are turning to clean renewable energy sources like wind to replace fossil fuels," says Ghiz. "There is a strong and growing demand for clean energy - particularly in the New England market. Prince Edward Island is well-positioned to meet some of that demand."

The plan calls for Prince Edward Island to use wind power to bring renewable energy to the point that it provides 30% of the province's electricity consumption - up from 18% today. Most of the new generating capacity will be used by developers to sell clean energy into mainland markets. The private sector will be building, financing and operating the new generating capacity, the premier said.

The government is planning a meeting in November with developers in order to explain the 10 Point Plan and to issue a request for proposals for the first round of new wind farm development.

According to the plan, residents will share revenue from wind exports, developers must demonstrate community support for proposals and wind development will be used to create a green technology cluster in the province.

Construction of 500 MW of wind capacity on Prince Edward Island is expected to generate $1 billion in capital spending (more than $200 is million expected to be spent on the Island), create 850 construction jobs and deliver $16.5 million in tax revenue. Once completed, the Prince Edward Island wind industry is expected to create $40 million in economic activity annually for the next 25 years, according to the report.

SOURCE: Government of Prince Edward Island


Trachte Inc._id1770
Latest Top Stories

Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965