NS Power seeking approval of Point Tupper wind farm investment

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NS Power seeking approval of Point Tupper wind farm investment

February 23, 2010

Nova Scotia Power has formally applied for approval of its agreement to partner with Renewable Energy Services Limited (RESL) to ensure a wind farm planned for the Strait area in Cape Breton comes on line as scheduled this year. Today's application to the Utility and Review Board requests approval of a $27.8 million investment by Nova Scotia Power.

Nova Scotia Power signed a long-term contract with RESL in February 2008 to buy energy from a 22-megawatt wind farm to be built at Point Tupper. Under an agreement announced last month, RESL will continue to build and operate the wind farm while Nova Scotia Power will purchase 49% of the project.

The Point Tupper Wind Farm will produce enough energy to serve about 6,000 Nova Scotia homes.

“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,” said Robin McAdam, Executive Vice President, Sustainability at Nova Scotia Power. “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."Under the agreement with RESL, Nova Scotia Power proposes to buy six of the wind farm's new 11 Enercon wind turbines. There is one existing turbine at Point Tupper. RESL will continue to own that turbine as well as five new turbines on the site, in addition to being responsible for construction and operation.

The agreement is structured to ensure that all energy from the Point Tupper Wind Farm will contribute toward achievement of provincial Renewable Energy Standards (RES).

RESL owns and operates turbines across Nova Scotia in the communities of Brookfield, Goodwood, Digby, Marshville and Richmond County. These turbines allow RESL to capture data in order to assess each area for further development. RESL also has two wind farms under development in Alberta.