Post #: 212
Canada's second largest scheduled wind farm is a year and a half behind schedule, has cost overruns of more than 20 million, and has been scaled back in size. You want to bet all these problems were funded by a few rich people?
Enbridge sees big wind farm running in a yearhttp://www.reuters.co...
Fri Nov 23, 2007 5:03pm EST
By Jonathan Spicer
TORONTO (Reuters) - Enbridge Inc aims to have Canada's second-biggest wind farm up and running in a year, a spokeswoman for the company said on Friday, adding that project delays have caused "significant" cost overruns.
"We thought we would have been producing power by the spring of 2007, but now the farm won't be fully operational until the fall of 2008," said Debbie Boukydis.
"There have been significant overruns," she added, saying only that costs associated with a year-long regulatory delay exceeded C$20 million ($20.2 million). Before the overruns, the project's cost was seen at C$400 million.
Last year, a group of residents near the site -- in Ontario's Bruce County on Lake Huron, northwest of Toronto -- opposed the 182 megawatt project, warning it would be noisy and unsightly.
That led to a 14-month review until Enbridge, Canada's No. 2 pipeline company, slightly reduced the size of the wind farm to 110 turbines. In July, a provincial tribunal allowed Enbridge to proceed with the project.
Boukydis said 20 turbine foundations are in the ground now, with the first scheduled to produce power in the spring of next year. She declined to estimate what impact the project will have on the company's balance sheet.
Energy-hungry Ontario, Canada's most populous province, is eager to bring more renewable power online.
It aims to spend C$60 billion over the next 20 years in a conservation-focused effort to shutter its remaining coal-fired power plants while ensuring the lights stay on.
Enbridge stock was up 28 Canadian cents, or 0.8 percent, at C$36.84 by late afternoon on the Toronto Stock Exchange.
(Reporting by Jonathan Spicer; Editing by Rob Wilson)
I wonder if there are any websites that follow the money behind the opposition of clean alternative energy?
I imagine if any bio-fuel opposition groups stuck their heads up our government would slap them in prison as terrorists immediately. They would say giving money away to pollute and destroy our country with bio-fuel in the spirit of energy independence was vital to our nations security. Why don't the farmers see solar and wind as an even more profitable use of their lands and get their lobbyists behind that?
Edited by User 4,189,976 on Nov 25, 2007 5:57 AM