NS Power awards almost 20 MW of community-based renewable energy

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NS Power awards almost 20 MW of community-based renewable energy

January 21, 2010

Halifax, NS – Nova Scotia Power has awarded contracts for 18.95 MW of electricity to be supplied from small, community-based renewable energy projects throughout Nova Scotia. The six agreements are the result of a December 2008 request for proposals (RFP) for small, renewable energy projects that would encourage community investment and development.

The small renewables RFP process was designed to encourage small, community-based projects to become part of the province’s energy supply.

“Nova Scotia Power is committed to incorporating more renewable energy into our generation mix,” said Rob Bennett, President and CEO of Nova Scotia Power. “We are proud to be able to work with small community-based projects to bring more green energy to Nova Scotia and create new economic development opportunities in the province at an important time for our economy.”

“We were very pleased to have our project selected as part of this process,” said David Swan, President of The Colchester-Cumberland Wind Field Inc. “The Spiddle Hill wind turbine represents our community’s commitment to renewable energy. We see this project as the beginning of a greener energy future for our region.”

The ten different community projects announced today under six agreements add to the existing 16 wind sites in Nova Scotia with a generation capacity of 112 megawatts (MW). These projects, combined with the five new wind farms (163 MW) committed to be online in 2010, will bring Nova Scotia’s wind generation to a total capacity of 275 MW. These wind projects, in combination with other renewables already in place are expected to bring the total renewable portion of Nova Scotia’s generation mix to 692 MW which will produce approximately 16 per cent of Nova Scotia’s electricity sales.

Nova Scotia Power received a positive response to the community RFP released in December 2008 and closed the competitive bidding process on July 7, 2009. Proposals for 20 projects with a total generating capacity of 40.75 MW were received.

The RFP was open to all types of renewable generation from wind to solar. The six agreements announced today are all for wind power. Criteria for evaluating each proposal included the proposed price of the electricity, the level of local community support and the strength of the proposed project.

A full list of the successful bidders is included below.

Developer  Location  Capacity (MW)
Scotian WindFields Inc. (three sites)  Granville Ferry, Dunvegan, and Isle Madame 6.0
Infinite Energy Limited Cape North 0.65    
The Colchester-Cumberland Wind Field Inc. Spiddle Hill, Tatamagouche 0.80
Black River Wind Limited (three sites) Creignish Rear,
South Cape Mabou, and Irish Mountain
6.0
Watts Wind Energy Inc. Watt Section, Sheet Harbour 1.50
Wind Prospect Inc. Fairmont, Antigonish County 4.0
Total Capacity   18.95

Negotiations are ongoing with one additional community-based wind project. NS Power hopes to announce that agreement in the coming weeks.

An RFP for 10 MW of community-based biomass was also released in December 2008. NS Power hopes to announce the results of that RFP early this year.

Forward-Looking Information

This press release contains forward-looking information and forward-looking statements which reflect the current view of Nova Scotia Power with respect to the Company’s objectives, plans, financial and operating performance, business prospects and opportunities. Wherever used, the words “may”, “will”, “anticipate”, “intend”, “expect”, “estimate”, “plan”, “believe” and similar expressions identify forward-looking statements and forward-looking information. Forward-looking statements and forward-looking information should not be read as guarantees of future events, performance or results, and will not necessarily be accurate indications of whether, or the times at which, such events, performance or results will be achieved. Nova Scotia Power disclaims any intention or obligation to update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.