NSP looking to buy ma­jor stake in Point Tup­per wind farm

Cape Breton Post - - BUSINESS -

POINT TUP­PER — Nova Sco­tia Power has ap­plied to the pro­vin­cial reg­u­la­tor for ap­proval of its plan to buy a 49 per cent stake in a Point Tup­per wind farm de­vel­op­ment.

NSP an­nounced the part­ner­ship with Re­new­able En­ergy Ser­vices Ltd. (RESL) last month to en­sure the wind farm comes on­line as sched­uled this year. NSP would in­vest $28 mil­lion in the Point Tup­per project, which could pro­vide enough elec­tric­ity to power up to 6,000 homes.

The 22.5-megawatt wind farm de­vel­op­ment was an­nounced two years ago, but there had been lit­tle in the news about the project for some time prior to word that NSP would pur­chase part of the project. It was se­lected through a re­quest for pro­pos­als is­sued by NSP.

Un­der the agree­ment, RESL would con­tinue to build and op­er­ate the wind farm, while NSP would buy six of the 11 new En­er­con wind tur­bines.

RESL pre­vi­ously in­stalled a smaller tur­bine at the NuS­tar En­ergy/Sta­tia Ter­mi­nals site in Point Tup­per in 2006 as part of a wind ex­plo­ration pro­gram. That tur­bine would con­tinue to be owned by RESL, as well as five new tur­bines.

The new tur­bines will be twice as large as the ex­ist­ing tur­bine and erected on 80-me­tre tow­ers.

“ We are very pleased to have this part­ner­ship with an ex­pe­ri­enced Nova Sco­tia com­pany like RESL which has been pro­duc­ing wind en­ergy in our prov­ince since 2005,” Robin McA­dam, ex­ec­u­tive vice-pres­i­dent of sus­tain­abil­ity at NSP, said in a news release. “Our agree­ment pre­serves an ex­cel­lent project and also en­sures that we main­tain a long-term con­tract that will pro­vide clean en­ergy at the low­est pos­si­ble cost to Nova Sco­tia Power cus­tomers.”

RESL CEO Larry LeBlanc told the Cape Bre­ton Post last month that construction be­gan at the site in Septem­ber and five foun­da­tions were now in place and road construction is un­der­way. He said the project was a few months be­hind its orig­i­nal timeline. He said tur­bines are ex­pected to ar­rive in late March, with in­stal­la­tion beginning in midApril.

The down­turn in the econ­omy “made fi­nanc­ing a lit­tle more dif­fi­cult,” LeBlanc noted.

RESL also owns and op­er­ates tur­bines in Brook­field, Good­wood, Digby and Marshville.

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