Government Moves to Protect Independent Power Producers

first_imgThe province is changing its renewable electricity regulation, a move that will protect the green power projects of independent power producers. Energy Minister Bill Estabrooks said today, Oct. 9, a number of projects faced possible cancellation if the government did not change the deadline for its renewable energy regulation. The deadline has been moved from Dec. 31, 2010 to Dec. 31, 2011. By moving the deadline to 2011, Mr. Estabrooks expects more wind projects to be built at prices that represent good value for Nova Scotians. “The year-long global credit crisis has delayed wind power projects in this province,” said Mr. Estabrooks. “The change reflects the reality on the ground.” He said the new deadline will help ensure the survival of several projects. “We want and need more green energy. This change means more wind power projects on the ground and means that we are closer to our goal of 25 per cent renewable electricity by 2015.” The amended renewable energy standard regulation, available at www.gov.ns.ca/energy/renewables/renewable-energy-standard/ ,moves the target for five per cent of electricity from post 2001 sources to come from independent power producers of low-impact renewable energy sources in Nova Scotia from 2010 to 2011. The regulation for 2013, for an additional five per cent renewable electricity, is not changed. By 2013, a minimum of 18.5 per cent of Nova Scotia’s electricity will be generated from renewable sources. “This change helps our company by giving us the flexibility and confidence to meet our deadlines,” said Barry Zwicker, president of ScotianWindFields. “I am confident that this move will help other independent power producers. We are supportive of government’s commitment to green energy in Nova Scotia.” Interested parties are meeting over the next few months to determine how that target will be met. The consultation process is being led by David Wheeler of Dalhousie University. Mr. Estabrooks said many options are being discussed by Mr. Wheeler and others. He said he expects there will be advice on the role for community-based renewable electricity projects and a system to make them more economically attractive. “We need to be aggressive and forward thinking as we put together our strategy to reach our goal of 25 per cent renewable electricity by 2015,” said Mr. Estabrooks.last_img

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