Each project is majority-owned by one or more Mi’kmaw communities.
Nova Scotia has selected five wind projects in its largest ever procurement for low-cost renewable energy, each majority-owned by one or more Mi’kmaw communities.
The five projects are expected to generate 372 megawatts or 1,373 gigawatt hours per year of electricity, approximately 12 per cent of Nova Scotia’s total energy consumption, the province’s independent procurement administrator said in a news release Wednesday.
When the projects are complete in 2025, the province will be generating 70 per cent of its electricity from renewable sources, the release said.
The average cost of energy produced by the wind projects is expected to be $53.17 per megawatt hour, which is lower than the average cost of electricity in Nova Scotia, the release said. The province expects the projects to save ratepayers $120 million annually.