ABB_id2059
in News Departments > FYI
print the content item

Halifax Regional Municipality (HRM), Nova Scotia, has agreed to enter into long-term agreements with two wind-generation power companies to purchase between 22 GWh and 25 GWh annually for the next 20 years.

HRM staff forecasts that these agreements will result in a savings of $8.3 million to $28 million in electricity costs through the life of the contracts with Nova Scotia-headquartered Barrington Wind Energy Ltd. and Ontario-based Ventus Energy Inc.

"The contracts, when finalized, will probably allow HRM to meet its goal of reducing greenhouse gas emissions by 20 percent earlier than originally targeted," says Councillor Linda Mosher, co-chair of HRM's energy and underground services committee. "We are definitely one of the first municipalities in the country to be going wind power in a substantial way."

These two contracts are a result of HRM's request for proposals that was issued last summer to companies interested in providing wind-generated electricity to the municipality. The two successful companies scored 90% on three deciding factors: experience, timeliness and financial/contract terms. HRM adds that final approval of the contracts is contingent on necessary amendments to the provincial Energy Act, as well as required Nova Scotia Utility and review board hearings and approvals.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

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.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015