Tuesday, April 21, 2009

Nova Scotia Power to purchase development rights for Nuttby Mountain Wind Project

April 21, 2009 - Nova Scotia Power today announced that it has signed an agreement to purchase development rights for a proposed wind farm located at Nuttby Mountain, 20 kilometres north of Truro. The proposed wind farm would have a maximum capacity of 45 megawatts and would produce enough energy to power approximately 15,000 homes. The project has the potential to reduce greenhouse gas emissions in Nova Scotia by over 100,000 tonnes annually.

The Nuttby Mountain development rights are currently owned by Calgary-based EarthFirst Canada Inc., and include land leases and transmission interconnection rights as well as provincial environmental approval. EarthFirst commenced a process to sell the project in August 2008 and are currently operating under creditor protection.

“Nova Scotia Power is committed to expanding its use of renewable energy from all available sources, including biomass, tidal and wind,” said Robin McAdam, Executive Vice President of Sustainability for Nova Scotia Power. “Becoming directly involved as the developer of the Nuttby wind project should allow it to advance, despite the challenges that exist in today's financial markets. We see Nuttby as an excellent site with the advantage of an experienced local partner.”

Atlantic Wind Power Corp (AWPC), led by Charles Demond and his team, will stay involved with the project through a service contract with Nova Scotia Power. AWPC sold the development rights for the Nuttby project to EarthFirst in February 2008 and are successful wind developers in Nova Scotia, responsible for the development, construction and operation of the wind farm at Pubnico Point in Yarmouth County.


http://www.nspower.ca/about_nspi/in_the_news/2009/04212009.shtml

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