in News Departments > FYI
print the content item

The Scotian WindFields, a Windsor, Nova Scotia-based collaborative of community corporations whose goal is to generate wind power in the province, has been authorized to issue shares under Nova Scotia's Community Economic Development Investment Fund (CEDIF) initiative.

Investments in a CEDIF are eligible as registered retirement savings plan contributions and for a 30% nonrefundable Nova Scotia equity tax credit against Nova Scotia taxes if held for five years. Shareholders may qualify for subsequent tax credits in the sixth (20%) and 11th (10%) year after making the initial investment.

The network of Scotian WindFields corporations has grown over five years to include The Bay Wind Field, The Glooscap Wind Field, Northumberland Wind Field, Colchester-Cumberland Wind Field, Sou'Wester Wind Field and Chebucto Wind Field. The Gold Coast Wind Field and Isle Wind Field are currently seeking directors to round out their complement of local directors as per CEDIF regulations.

The Glooscap, Chebucto, Northumberland and Colchester-Cumberland Wind Fields are authorized to raise up to $3 million per offering to dedicate to the development of wind energy in their communities. These share offerings will be available until the end of March, and shares are being sold for $1 with a minimum purchase of $1,000.


Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


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.

Renewable NRG_id1934
Navigant_id1983
Canwea_id1984