NSP looking to buy major stake in Point Tupper wind farm
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.