ABB_id2059
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

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015