Nova Scotia Power signs SkyPower and Scotian Wind Fields for wind park development

The Canadian Press(CP) May 14, 2008 Wednesday

DIGBY, N.S. _ SkyPower Corp. and Scotian WindFields Inc. have nabbed a 20-year contract from Nova Scotia Power to develop a 30 megawatt wind park in the Digby, N.S.

An announcement Wednesday said that the 1,080 hectare park is planned to become operational next year and supply 10,000 homes in the Digby area with electricity each year.

Financial details of the agreement were not disclosed.

The joint venture pairs SkyPower, a Lehman Brothers company, with Scotian, a community-owned renewable energy company.

“With this project, we have reached our goal of signed contracts for adding 240 megawatts of installed wind capacity,” said Nova Scotia Power president and CEO Ralph Tedesco in a release.

“By the end of 2009, our province will have five times the amount of wind energy than exists today.”

In April, Nova Scotia Power signed an 20-year agreement with Shear Wind Inc. (TSXV:SWX) where it will erect 30 turbines in a $150-million investment.