Canadian Government Invests In Wind Project

NAW Staff, Friday 22 August 2008 - 10:45:10

The government of Canada has announced an investment of up to $9 million over 10 years in the East Point Wind Plant on Prince Edward Island.

The 10 turbines at the East Point Wind Plant have a total generating capacity of 30 MW. The $50 million project, developed by PEI Energy Corp., will receive $0.01 per kWh incentive under the ecoENERGY for Renewable Power program for up to 10 years. This program provides about $1.48 billion to increase Canada's supply of clean electricity from renewable sources such as wind, biomass, low-impact hydro, geothermal, solar photovoltaic and ocean energy. It will encourage the production of up to 4,000 MW of new electricity from renewable sources.

"The development of clean, renewable, wind-generated electricity is vital to Prince Edward Island, and our province sees an opportunity to develop this resource for domestic use and for export to markets not blessed with our wind regime," says George Webster, minister of environment, energy and forestry.

Five additional renewable energy projects were also announced in British Columbia and Alberta under the ecoENERGY for Renewable Power program.

SOURCE: Government of Canada



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