Saturday, May 29, 2010

Shear Wind signs major deal to supply turbines for $150-million wind farm


Shear Wind Inc. has signed a major deal with Enercon Canada Inc. to supply wind turbines for a proposed $150-million wind farm, the company announced Friday night.

The renewable energy company is developing the Glen Dhu wind power project to supply renewable power to Nova Scotia Power. The green electricity is scheduled to begin generating later this year.

The company wants to install 30 turbines — 14 in Antigonish County and the remainder near Baileys Brook, Pictou County.

Enercon will supply, install, erect and commission Enercon E-82 turbines for the 60-megawatt wind farm, the company stated in a news release.

Enercon will service and maintain the purchased turbines.

Shear Wind have been in negotiations for months to purchase 30 wind turbines from either a European or U.S. supplier for the proposed $150-million Glen Dhu wind farm located along the border of Pictou and Antigonish counties.

The company has stated previously that turbines cost between $1.5 million and $2 million each.

Glen Dhu was supposed to be operating by now, but Shear Wind was unable to secure financing for the capital-intensive project until late last year when Inveravante, a privately held Spanish utility conglomerate, bought a 62 per cent stake in Shear Wind for $27 million.

http://thechronicleherald.ca/Business/1184703.html

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