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August 31, 2012
Nova Scotia announces three wind power projects
The province of Nova Scotia has announced it is moving ahead with three wind power projects with a total capacity of 115.8 megawatts.
The projects in Lunenburg and Guysborough counties will create $200 million of new private sector investment, it was recently announced, said energy minister Charlie Parker.
The projects are: a 78-megawatt South Canoe Wind Project between Chester and Windsor, led by Oxford Frozen Foods; a 24-megawatt South Canoe Wind Project in Lunenburg County, led by Minas Basin Pulp and Power; and a 13.8-megawatt Sable Wind Project near Canso, led by the Municipality of the District of Guysborough.
The selected projects represented the most cost-effective offers. Their average purchase price was in the mid-$70s per megawatt hour, lower than those in the 2007 call for bids. Nova Scotia Power is a minority investor in each of the projects.
The projects are scheduled to be in service by January 2015 and will bring the province close to the 500 megawatt wind threshold. This is near the technical limit of the amount that can be integrated into the province's electricity grid. Consequently, the province does not expect to issue more request for proposals for large-scale wind projects in the near future.
The three large wind projects will help the province reach its renewable energy plan target of 25 per cent of the province's electricity needs met by renewable sources by 2015. The province also committed to achieving a 40 per cent renewable electricity target by 2020.
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