PEI to charge wind energy royalty

PRINCE EDWARD ISLAND - PEI is the first jurisdiction in Canada to include royalty fees in its wind energy plans, says the president of the Canadian Wind Energy Association.

The royalty will apply to electricity that is exported. Maritime Electric, the province's main utility, is looking to see a further 130 megawatts capacity built, with 100 megawatts for export. Under the proposal that would mean $1.5 million annually for the provincial government.

Richard Hornung, president of the Canadian Wind Energy Association, told CBC News this is a first in Canada.

"I would imagine that this is an attempt within Prince Edward Island to ensure that there's a sharing of benefits associated with export of wind," said Hornung.

He said it's another example of PEI breaking new ground in terms of wind export.

Jamie Ballem, a former provincial energy minister and consultant for the German company NewEn, said that company is interested in building a 100-megawatt wind project in Anglo Tignish, in the far west of the Island. Ballem said the details of the request for proposals are not available, and he can't say if the price being offered for this new wind energy will be enough to cover the costs of development and the new royalty payment.

Related News

rolls royce nuclear

Rolls-Royce expecting UK approval for mini nuclear reactor by mid-2024

LONDON - A Rolls-Royce (RR.L) design for a small modular nuclear reactor (SMR) will likely receive UK regulatory approval by mid-2024 and be able to produce grid power by 2029, Paul Stein, chairman of Rolls-Royce Small Modular Reactors.

The British government asked its nuclear regulator to start the approval process in March, having backed Rolls-Royce’s $546 million funding round in November to develop the country’s first SMR reactor.

Policymakers hope SMRs will help cut dependence on fossil fuels and lower carbon emissions.

Speaking to Reuters in an interview conducted virtually, Stein said the regulatory “process has been kicked off, and will likely be complete in the middle of…

READ MORE

How waves could power a clean energy future

READ MORE

powerlines

DOE Announces $34 Million to Improve America?s Power Grid

READ MORE

joe manchin

Manchin Calls For Stronger U.S. Canada Energy And Mineral Partnership

READ MORE

electricity consumption graph

Americans Keep Using Less and Less Electricity

READ MORE