Shear Wind Inc (TSX VENTURE:SWX) announced that its latest projects, Benjamin River and Mann Siding, have a combined 100,000 acres of developable land and a wind development capacity of more than 1000 Megasatts (MW) of electrical generation in the province of New Brunswick.
Benjamin River: A Preliminary Interconnection Assessment by New Brunswick Power has been completed and application for an in-depth System Impact Study (SIS) has been submitted for a phase 1 of 150 MW. The proposed project is approximately 15 km from an established transmission corridor where initial assessment has determined interconnection availability on one of two large transmission lines.
Mann Siding: Shear Wind’s first New Brunswick site has a 500 MW wind development capacity and has received an initial confirmation of interconnection of 150 MW through a completed Preliminary Interconnection Assessment by New Brunswick Power. The site is in northwestern New Brunswick, has a 138kV transmission line intersecting the project. Shear Wind has submitted application for the in-depth SIS.
"We are extremely excited about these two New Brunswick properties, as they will give us both the ability to bid on any future Request for Renewable Energy Proposals by New Brunswick Power, and the ability to build generation for export to the Northeastern USA," states Mike Magnus, President and CEO. "This increases our potential wind development across Canada to over 1650 MW."
Wind data collection and analysis is continuing at both sites, and Shear Wind is moving forward to obtain all necessary studies and permitting in order to have these sites development-ready by 4Q09.
Shear Wind is moving ahead on schedule with their development of their extensive pipeline. A recently signed Power Purchase Agreement (PPA) with Nova Scotia Power Inc. (NSPI) for 60 MW at the Glen Dhu Wind Park site has resulted in a rigorous schedule to start building the wind site this summer. Another recent announcement was the confirmation to move forward at the 100MW Glenridge Site in eastern Alberta.
Phase II of the Nova Scotia site is in the planning stage and is anticipating moving forward with the development of a possible power export arrangement for 170 MW.
About Shear Wind
Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is engaged in the exploration and development of renewable energy in Canada and is focused on building a strong company based on a secure and sustainable supply of clean energy. Shear Wind has a two wind projects in stages of final development; 60 MW Glen Dhu Wind Park in Nova Scotia, and 100 MW Glenridge Wind Park in eastern Alberta.
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