Grand Bend wind development green-lighted – another 40 turbines

Approved-Rubber-Stamp-724817[Note to LFPress Editor: Please please please discontinue using the word “farm” when speaking of wind turbine developments. Anyone who lives in a rural area knows there is zero “farming” going on when these machines are installed. The land had to be rezoned “industrial” to allow them in – if that doesn’t say it all.]

London Free Press
Ontario’s Environmental Review Panel has given the go-ahead for the Grand Bend Wind Farm, a 40-turbine, $380-million project hugging the Lake Huron Shoreline. Major construction can now go ahead on the wind farm.

Developer Northland Power had applied the brakes to its plans, putting off major construction until appeals were settled. The original plans for the facility called for 48 turbines, but that was scaled back to 40. It will be located in the Huron County municipalities of South Huron and Bluewater over about 2,400 hectares. It will have a total capacity of 100 megawatts.

“Our company policy is not to do much during an appeal process,” Gord Potts, director of business development for the company, had told The Free Press this summer. Potts had said at that time that Northland anticipated the Grand Bend Wind Farm would start commercial operation in 2016. The farm is a joint project of Toronto-based Northland Power and the Aamjiwnaang First Nation at Sarnia and Bkejwanong First Nation at Walpole. Read article

7 thoughts on “Grand Bend wind development green-lighted – another 40 turbines

  1. Another approval! Ontario the land of opportunity for some and the FN that allow this destruction to side with the wind developers all in the name of GREED! Very hypocritical . Shame on you all!

  2. Maybe the issue of how much income taxes Northland Power really pays should be looked into further? The information that I found indicates they will pay no income taxes for several years.

    Property taxes that a company pays are usually deductible expenses for companies.

    • ALT Energy Stocks, Nov.21, 2014

      Scroll down to:
      ‘Northland Power’s Solar-Backed Bond’

      It’s an asset backed bond/ABS which used 6 – 10 MW operating solar facilities which were bundled together to create this bond issue.

      CA $232 m with 18 yr. tenor. Runs for 18 years to maturity.

      http://www.alternativeenergystocks.com/archives/power_production

      Both stocks and bonds can be used to create additional revenues from renewable energy projects once the projects become operational and begin to produce a revenue/money stream.

      Stock issues like this are called yieldcos.

      This is why it is important to get these renewable projects operational. No money stream until they become operational and the development risks are over when they become operational.

      These yieldcos and bond issues result in more money milked from renewable energy projects than just from owning the projects themselves.

  3. Northland Power Inc’s First Nation partnership on Manitoulin Island for the 60 MW, 20,000 acre MMWLP on private land has an aboriginal price adder for a 15 cent per kwh payout. $150 mwh.

    NPI also paid out a $500,000 signing bonus for each of their six First Nation partners who qualified for an unknown exact amount of provincial aboriginal loan guarantee at 3% as their FN portion was $90 million.

    This Grand Bend project price adder would likely be no different for Northland Power as currently they pull in $10 million ebida yearly. Definition of EBIDA: Earnings Before Interest, Depreciation And Amortization. Likely a six year or so project payout then the profits really climb.

    It is ironic that Band members get band assistance for skyrocketing utility bills yet is is these projects with some being on their own lands that create the hardships. Money that should be going to other programs. The Green Energy Act and Feed in Tarrif handouts impact off reserve First Nation members AND non First Nations as all subjected to energy poverty.

    Not all reserves in this province get these projects.The province is choosing its winners.

    It seems only those reserves that have well connected big energy business contacts and lobbyists such as Northland Power Inc.They had several political lobbyists working to push through the MMWLP.

    Projects on First Nation reserve land and private land is a land grab for at least a generation of use.

    • How about the Lead Director at Northland Power Inc., John N.Turner, with plenty of connections?

Leave a Reply

Your email address will not be published. Required fields are marked *