Once called a “legacy project” for Niagara, the Region’s foray into wind farms with Rankin Construction is being nixed after nearly a decade of setbacks. Niagara Region and Rankin Construction are dissolving their Wind Energy Niagara Corp., which they created in 2006 after talks dating back to 2001.
The $23-million joint venture was supposed to see a five-turbine wind farm in Wainfleet generate up to 10 megawatts of electricity, or enough to power about 3,500 homes. The partnership would receive 11 cents per kilowatt-hour from the province as part of its green energy program. But obtaining a long-term power contract to produce a renewable source of electricity proved elusive. “We were ahead of our time,” said Rankin CEO Tom Rankin, explaining the hurdles the partners had to try to overcome. Read article