Brookfield , Nova Scotia [RenewableEnergyAccess.com] Nova Scotia Power announced it is negotiating contracts with independent power producers for 240 megawatts (MW) of new wind energy. This installation will represent an investment of more than $500 million for wind turbines and associated construction. The contracts for the energy produced by wind turbines will be worth approximately $1.5 billion over the life of the contracts.
This addition of wind energy capacity represents the largest investment in new power generation in Nova Scotia since construction of the Point Aconi generating station in 1992. The company said power purchase agreements are planned to be signed by the end of this year. Installation of turbines is scheduled to take place before the end of 2009.“Our customers want more renewable energy and we are meeting that expectation through these contracts, which are mostly for wind energy,” said Ralph Tedesco, President and CEO of Nova Scotia Power. “We will more than quadruple the amount of wind energy produced in Nova Scotia, at competitive prices.”