juwi Sells Interest In Four Nova Scotia Community Wind Projects

NAW Staff, Thursday 05 December 2013 - 15:47:12

juwi Wind Canada Ltd., a subsidiary of the juwi Group, has sold its stake in four wind projects totaling 24 MW to Firelight Infrastructure Partners.

All of the projects are located in Nova Scotia and are being developed under the province's community feed-in tariff program. juwi says it will still provide development and construction management services for the wind farms, as well as remain the asset manager. In addition, with the closing of the equity, the projects have ordered V100-2.0 MW turbines from Vestas.

Under its deals with juwi, Firelight Infrastructure Partners has purchased stakes in the following wind projects:

- 4 MW Whynotts Community Wind Project. Whynotts Mi’kmaq Wind Ltd., a subsidiary of an investment partnership managed by the Nova Scotia Assembly of Mi’kmaq Chiefs and owned by the thirteen Nova Scotia Mi’kmaq Bands, is co-equity owner of the project.

- 10 MW Chebucto Pockwock Community Wind Project. juwi notes that the project recently received approval of its environmental assessment, and Chebucto Pockwock Lake Wind Field Ltd. is co-equity owner.

- 4 MW Truro Heights Community Wind Project. Eskasoni First Nation is co-equity owner in the project. Over the past two years, juwi says it has worked closely with the Eskasoni Corporate Division to develop the project and ancillary opportunities for Eskasoni band members.

- 6 MW Millbrook Community Wind Project. Firelight joins Millbrook Band as co-equity owner in the project.

Mike Kosiancic, Firelight Infrastructure Partner’s vice president, says the projects represent a natural expansion of the group’s investment in Nova Scotia renewables. Construction is targeted for next year.




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