Shear Wind Signs 60 MW PPA

NAW Staff, Friday 04 April 2008 - 10:15:12

Shear Wind has entered into a 60 MW power purchase agreement (PPA) with Nova Scotia Power Inc. (NS Power) in connection with a 20-year power supply commitment. The 60 MW of electricity will be produced at the Glen Dhu Wind Park in Pictou County, near Merigomish, Nova Scotia.

Shear Wind is planning to erect 30 Enercon E-82 2 MW turbines. The Glen Dhu Wind Park represents a $150 million investment for Shear Wind in Nova Scotia.

"In addition to the initial 60 MW, the expansion potential for further build-out is an additional 170 MW, as indicated by [NS Power] interconnection studies," says Mike Magnus, president and CEO of Shear Wind. "This positions the Glen Dhu Wind Park in an optimal position to participate in export opportunities as well as future requests for proposals in order to secure additional PPAs."

Interconnection feasibility studies are now being conducted, and the results will be assessed by Shear Wind upon completion. Shear Wind will now proceed with all other municipal and provincial permits required.



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