Conestogo Wind Energy Centre:
Project Draft Description
Date: June 6
Time: 6PM-8PM
Place: Perth East Recreation Complex, 40 Temperance Street, Milverton MAP
Date: June 7
Time: 6PM-8PM
Place: Royal Canadian Legion, 565 Elizabeth St E, Listowel, Ontario MAP
Project Finance Magazine,www.projectfinancemagazine.com
Use Search > enter: Invenergy renewable projects > 34 entries
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Project Finance Magazine, June 29,2010
“Invenergy closes with Manulife on Raleigh wind”. C$179M long-dated financing for the 78MW Raleigh wind project.
Leaf, June 24,2010, Invenergy Raleigh
Scroll down: “Invenergy Completes Its Third Project Financing this Year”
Raleigh Wind farm 78MW Chatham-Kent project with Manulife Financial as Lead Arranger and Administrative Agent. Lenders include Sun Life Assurance,CA and Ontario Pension Board Investments Inc.
http://www.leafcleanenergy.com/media-relations/2010/06/24/invenergy-completes-its-third-project-financing-this-year
Re: Conestogo Wind Energy Centre
I thought this was a NextEra project.
isn’t it?
Invenergy – running open houses?
One more question:
Who’s baking the ‘chocolate chip’ cookies’?
……something does not add up……probably me.
Think you are right about things not adding up. The various financing arrangements for renewable enrgy projects makes it possible to spread the money around to quite a few vested parties and makes it much more difficult to stop these projects due to the increased mumber of participants/fat cats who derive benefits from them.
Wind Power Engineering & Development, Nov.2,2011
Scroll down to : “Talbot Wind Project adds 99MW to Ontario grid”
Talbot Wind Farm up to $30M from the eco Energy for Renewable Power Program.
Created 10 full time jobs.
Any information on this $30M figure?
http://www.windpowerengineering.com/tag/siemens
Are you watching TV?
Big night in Wisconsin – Recall Vote
Go Governor Scott Brown
Wisconsin Governor Getting in the Way of Wind Power Growth
‘[excerpt] Invenergy boasts a combined wind generating capacity of over 2,200 megawatts, making it the largest independent producer of wind energy in the United States. In an abrupt move the company has halted efforts to build a 150-megawatt wind farm in southern Brown County, Wisconsin.
Citing “regulatory uncertainty,” Invenergy is backing out of the Ledge Wind Energy Center project, and it may not be the only wind developer looking away from Wisconsin and toward other states for development prospects.’
http://www.energyboom.com/wind/wisconsin-governor-getting-way-wind-power-growth
Oooopsy!
Go Scott Walker!
Big union wants him out!
It’s Gov. Scott Walker.
Governor Walker survives!
This is very significant – to Ontario.
McGuinty Liberals run parallel to Washington policy makers.
This sends a huge message to democrats –
November is around the corner.
Cronyism! – in Ontario
At least 45 mayors, CAO’s, and clerks in Ontario – are scumbags!
This is not the leadership Ontario citizens voted for. ugh!
Introducing –
like in the hospitality business –
the baker’s of the ‘chocolate chip’ cookies
IBI Group
Re: Conestogo Wind Energy Centre
Like a ‘lovefest’ – especially designed for citizens – it’s very exciting
….so cronyism works better!
Community Liaison Committee (CLC)
http://www.nexteraenergycanada.com/pdf/conestogo/PTWfinalTOR_2012FINAL.pdf
Of course – your mayor and council are outraged!
Right?
No building permit – yet!
‘[excerpt] Hernandez said IBI Group – an architecture, engineering, consulting and design firm – is working on a date and she hopes the first committee meeting is scheduled for June.’
Battleground:
‘[excerpt] No costs ordered yet
The superior court has not yet awarded costs in PMI’s appeal. It suggested PMI pay $5,000 to the Ministry of the Environment and another $30,000 in legal costs to NextEra, but PMI officials stated they will argue against having to pay those costs.
Then, NextEra and the ministry will be given ten days to rebut that argument. Until those arguments are heard costs will not been formally awarded. PMI is continuing to actively fundraise to continue the ERT process.
http://www.wellingtonadvertiser.com/index.cfm?page=detail&itmno=12292
I want to believe it!
County takes strong stand against wind turbine plans
But in the process to approve wind turbines as announced by Liberal Premier Dalton McGuinty, “The provincial peer review process for green energy projects is not clear but it appears to happen near the end and it is not clear if the public has access to the provincial peer reviews during the public process.”
There are six wind turbine proposals for Wellington County to date:
- Mapleton and Woolwich, by Invenergy, Conestogo Wind Energy Centre, 160MW, and 64 to 100 turbines;
- Mapleton and Wellington North, Nextera Energy, Conestogo Wind Farm, 23MW, 9 to 15 turbines;
- Centre Wellington and East Garafraxa, by Invenergy, Belwood Wind Farm, 54MW, 25 to 35 turbines;
- Centre Wellington, WPD Canada, Belwood, 9MW, 4 to 6 turbines;
- Centre Wellington, WindTech Research and Development, 0.04MW, 6 small turbines; and
- Wellington North, Schneider Power and Arthur Wind Farm, 10MW, 5 turbines.
Bolzon noted there is another project by IPC Canada south of Arthur which is in the planning stages for 6MW.
The planning committee also received some letters from Belwood area residents who oppose the project, and also a delegation from Janet Vallery and Dave Hurlburt, of Oppose Belwood Wind Farm.
After hearing their comments, the committee made several recommendations:
- that county council advise the Premier, the Minister of Municipal Affairs, the Ministry of Energy and Infrastructure and the Minister of Environment of its concerns with respect to wind energy projects, and especially as follows;
- council reaffirms its support for a moratorium on wind energy projects until a health study is completed by an independent third party;
- council believes the proponent driving consultation process under the Green Energy Act fails to provide a meaningful method for the public to express their concerns to the provincial decision makers;
- council believes the approval process under the Green Energy Act fails to provide the public and municipal governments with access to provincial peer and inter-agency reviews of wind energy projects in advance of decision making, assuming these provincial reviews are available at all; and
- council believes the relationship between various wind energy permitting and approval processes under the Green Energy Act and the Ontario Power Authority feed-in tariff program are confusing and unclear to municipal government and the public and are causing unnecessary anxiety to residents living in or near proposed wind energy sites.
Further the committee recommended that Chief Administrative Officer Scott Wilson obtain a legal opinion on the powers of Wellington County council or its local municipalities to regulate wind energy and other renewable or alternative energy projects.
Planning committee chairman Walter Trachsel said, “It seems with the Green Energy Act people in rural areas are paying to have their lives disrupted.”
Council was unanimous in supporting the committee’s recommendations.
http://www.wellingtonadvertiser.com/index.cfm?page=detail&itmno=6200
Would you like additional information on Invenergy? Here you can find press releases, news coverage, and more.
http://www.invenergyllc.com/invenergy/NewsRoom.aspx
Rural Ontarians need to know who the parties are that are furnishing the cash/money for renewable energy projects. NO money = NO projects.
CNW, Feb.12.2010
http://www.newswire.ca/en/story/655071/innergex-renewable-energy-inc-announces-bought-deal-financing-of-extendible-convertible-unsecured-subordinated-debentures
Underwriters of the deal were led by BMO Captial Markets & TD Securities Inc.
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TD Bank
W. Edmund Clark, CEO TD Bank > Richard W. Ivey, Livgroup Investments Ltd.
http://investing.businessweek.com/research/stocks/people/board.asp?ticker=TD:CN
High Beam Research, Dec.6,2007
Kruger Pension Funds Aquire a Participation Interest in Innergex Renewable Energy,Inc of 10.8% of the shares.
http://www.highbeam.com/doc/1P2-11390726.html
LEXPERT, April 16,2010
“Ontario Wind Farm Project Receives $212.5M Financing”
Kruger Energy Chatham Limited Partnership/KEC got credit agreement with a syndicate of lenders led by The Bank of Nova Scotia. KEC was formed by Kruger Products Ltd. a subsidiary of Kruger Inc.
http://www.lexpert.ca/Magazine/deal.aspx?id=4639
I guess the major banks like Scotiabank, Bank of Montreal, TD Canada Trust have little or no interest in doing business in rural Ontario!!! Have they “hit” the CIBC yet or are they smart enough to stay clear? Thank goodness for Credit Unions!!
Yes, CIBC as well.
Project Finance Magazine, June 7,2010, Filed under Kruger
“Kruger closes on miniperm for Chatham Wind” Closed C$220M loan with a club of banks.
The lead sponsor brought in Scotia as lead arranger, Deutsche,Babobank,SMBC and CIBC
http://www.projectfinancemagazine.com/Article/2586070/Search-Results/Kruger-closes-miniperm-for-Chatham-wind.html
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CIBC – Board & Officers
http://investing.businessweek.com/research/stocks/private/board.asp?privcapId=386873