Nuttby wind project sold?

I just came across this story from the Truro Daily News from last month. April 15th has come and gone with no further announcement.

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NUTTBY – A new deal involving the sale of the Nuttby wind project could be inked by the middle of April.

Current owner EarthFirst Canada Inc. of Alberta sought creditor protection late last year after running into financial difficulties with other projects elsewhere in the country. After stating that it would not put any more money into the project while it works out its other financial issues, the company has indicated a deal is in the works.

“The only piece of news that I’m aware of, for any kind of consumption, is that EarthFirst has indicated publicly that they’ve entered into a letter of intent with respect to the Nuttby project and they hope to close a deal by April 15,” said Charles Demond, president of Atlantic Wind Power Corp., the company responsible for getting the 45-megawatt Nuttby Mountain project on stream by the end of 2009.

EarthFirst has a 25-year contract with Nova Scotia Power Inc. to supply electricity from a Nuttby wind farm.

In addition to being responsible for managing the construction aspects of the project, Atlantic Power initially promoted the project before selling it to EarthFirst.

When asked if Atlantic Wind Power was the new purchaser in question, Demond declined comment. But he did reiterate his faith in the project as a viable opportunity.

“Our commitment to see a good project there on Nuttby Mountain hasn’t wavered at all through these difficult times,” he said. “ We continue to be keenly interested in the project.”

Truro Daily News

28 March 2009

http://www.wind-watch.org/news/2009/03/28/deal-to-sell-nuttby-wind-project-could-be-done-next-month/