Canada's Nova Scotia govt selects three projects in RFP for wind power

Aug 3, 2012 - Canadian province of Nova Scotia's Department of Energy yesterday announced the three winning projects, selected out of 19 in a request for proposals (RFP) for wind power from independent power producers (IPP).

These namely are the 78-MW South Canoe (Oxford) project of Oxford Frozen Foods, the 24-MW South Canoe (Minas) project by Minas Basin Pulp & Power, and the 13.8-MW Sable project led by the municipality of the district of Guysborough. Local utility Nova Scotia Power Inc owns minority stakes in the projects.

The projects are slated to start operation by January 2015 and are estimated to produce a total of 355 GWh of power, said Power Advisory LLC, the Renewable Electricity Administrator (REA) of the province. The REA was appointed to manage the tender process.

The average power purchase price for the projects is in the mid CAD 70 (USD 69.8/EUR 57.1m) per MWh range, representing the lowest purchase price in Nova Scotia since the launch of renewable energy targets in 2007, REA added. The province aims to source 25% of its power from renewables by 2015.

The projects will result in CAD 200 million of private sector investment, according to Energy Minister Charlie Parker.

(CAD 1 = USD 0.997/EUR 0.815)

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