By THE CANADIAN PRESS
Mon. Feb 22 - 2:42 PM
A 20-year power purchase agreement has been signed between Nova Scotia Power and Watts Wind Energy Inc.
Under the deal, a 1.5-megawatt wind turbine will be installed at Watt Section, about 120 kilometres east of Halifax.
Watts says it's been measuring wind data at the site since October 2008 and plans to implement the project this year.
The company says it intends to own the entire project, but isn't ruling out selling it or partnering with another company, among other options.
The project will be partially financed with a mix of secured debt and equity capital.
Watts is a joint venture between Halifax-based Seaforth Engineering and Eon WindElectric, a Canadian wind farm installation and servicing firm with offices in Nova Scotia and Newfoundland and Labrador.
Nova Scotia Power is a wholly owned subsidiary of Emera Inc.
http://thechronicleherald.ca/Front/9015338.html
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