Shear Wind Confirms Potential of Nova Scotia Projects

Findings from a third-party resource assessment regarding Shear Wind’s proposed wind park development sites in Nova Scotia demonstrate favorable long-term output potential of the proposed Shear Wind Nova Scotia wind park projects.

Comprehensive Wind Power Project Resource Assessment Reports for the Shear Wind project sites in Eastern and Western Canada have been completed by Phoenix Engineering Inc. Analyses for the Shear Wind Atlantic (Nova Scotia) projects consisted of correlating data from three Shear Wind monitoring towers along with a local Environment Canada monitoring tower located within the proposed project areas.

The Nova Scotia Report outlines predicted wind resource yields based on long-term predicted data sets assuming two-megawatt (MW) turbine specifications at 80-meter hub height. Phoenix Engineering has indicated an expected long-term wind power yield in excess of 400 gigawatt-hours (GWh) per annum using 50 2-MW turbines. This analysis factored in uncertainties in the measurement and calculation of wind speeds for up to a 30-year period.

“The Report provides us with confirmation of the energy available to harvest in Atlantic wind with the ‘right location’ and the ‘right transmission’ opportunities,” said Mike Magnus, President & CEO of Shear Wind Inc. “With these wind test results, Shear Wind will have numerous large-scale projects ready to bid on the Nova Scotia Power Renewable Energy RFP for August 2007.”

“It is gratifying to offer Nova Scotia’s residents and the investor community an opportunity to invest in a Nova Scotia-based public company which is addressing the renewable energy demands of our province,” Magnus said.

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