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ACCIONA Energy to receive 10.3 million euros from the Canadian government for the company’s fourth wind farm in the country

08/17/2010

Canada's Minister of  National Revenue made the announcement during the laying of the first stone of the Lamèque wind farm.

Canada's Minister of  National Revenue made the announcement during the laying of the first stone of the Lamèque wind farm.

ACCIONA Energy will receive up to 13.79 million Canadian dollars (10.28 million euros at the present exchange rate) over ten years from the Government of Canada as an incentive for the Lamèque wind farm that the company is now building in the province of New Brunswick (eastern Canada).

The decision was announced by Keith Ashfield, Minister of National Revenue of Canada, Minister of the Atlantic Canada Opportunities Agency and Minister for the Atlantic Gateway, during the ceremony to begin building work on the wind farm. The event was attended by representatives of a large number of entities who are involved in the project. The subsidy was approved through the ecoEnergy for Renewable Power program, which supports the development of renewable energy sources in Canada. It establishes an incentive of one cent per kilowatt-hour produced, with a view to increasing the power generated from renewables in the country by 4,000 MW.

"Today's announcement is another example of our Government's action to increase the supply of clean, renewable energy for Canadians", the Minister said. "The clean energy technology project at the Lamèque wind farm is helping to create high-quality jobs and a sustainable energy source for New Brunswick's future".

The Lamèque Wind Power Project is wholly owned by ACCIONA Energy; it will represent an investment of 115 million Canadian dollars (85.7 million euros) and is scheduled to come into service in early 2011.

Located on the island of the same name on the Atlantic coast of Canada, the wind farm will comprise thirty 1.5 MW wind turbines using ACCIONA Windpower technology. The power produced, enough to power 8,000 homes in the area, will be sold to the utility company New Brunswick Power under a 25-year contract.

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