in News Departments > New & Noteworthy
print the content item

Prince Edward Island (PEI) has seen nearly $5 million invested in its energy savings bonds in less than three months, say PEI government officials.

The bond program was created to give PEI residents and business owners an opportunity to invest in the Eastern Kings Wind Farm, which recently began commercial operation. The amount of the bond issue is $20 million, so islanders still have plenty of opportunity to invest in the them. The bonds have a guaranteed return of 5% annually for five years, and the minimum purchase is $500.

"About $12 million that used to leave the province each year to import electricity generated from fossil fuels will now stay here in PEI, contributing to the local economy," says Jamie Ballem, minister of environment, energy and forestry. "At the same time, we are reducing greenhouse gas emissions that contribute to climate change by more than 100,000 tons annually - the equivalent of taking 22,000 cars off the road."


Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Renewable NRG_id1934
Navigant_id1983