Ventus going public with wind farm project
Last Updated: Thursday, November 16, 2006 | 8:20 AM AT
CBC News
Ventus Energy is hoping the public will buy into its plans to build a wind farm in western P.E.I. It is offering shares in a new limited partnership to raise $55 million to build the 99-megawatt farm.
Initial shares in Ventus Energy West Cape Windpower Limited Partnership are being offered at $10.
The partnership is being created to invest in West Cape Wind Energy Inc., which plans to build 11 wind turbines, which will operate for 120 days as a test.
The company said it plans to build a total of 44 wind turbines in the West Cape area.
The company has already raised $29 million in a private placement towards the project and another near North Cape. Construction has already begun on that project. Total cost for the two projects is expected to be close to $250 million.
Share Tools
Latest Prince Edward Island News Headlines
- Joe Byrne not interested in P.E.I. leadership
- Joe Byrne, a former federal candidate for the NDP on P.E.I. who has been touted as a potential leader of the provincial party, says he's not interested in the job. more »
- School PD days cut to save costs
- Teachers in P.E.I. will have fewer professional development days for the rest of the fiscal year as part of a cost-cutting measure by the Department of Education. more »
- Gas price rises 3.1 cents
- The price of gas was up again Wednesday. more »
- Interpretive centre at Founders Hall closing
- Tourism Charlottetown Inc. won't be running the interpretive centre about Confederation located at Founders' Hall this year. more »
Top News Headlines
- Tories move to curb 'bogus' refugees
- The Conservative government is poised to change the refugee system yet again in an attempt to deter what it considers "bogus" claimants, CBC News has learned. more »
- Children of immigrants challenged at school, home
- By 2016, foreign-born youth and Canadian-born youth from immigrant families will make up a quarter of the country's population, according to predictions by the Canadian Council on Social Development. As their numbers grow, more attention is being paid to their successes and failures. more »
- 2 NDP MPs back final Commons vote to kill gun registry
- Two NDP MPs broke party ranks to vote with the government in the final House of Commons vote on scrapping the long-gun registry. more »
- B.C. house party trial hears from tearful teens
- Two teenagers cried as they testified at the trial of a B.C. woman who was charged after a teen died while her son was hosting a party at her house in 2008. more »
- School PD days cut to save costs
- Interpretive centre at Founders Hall closing
- Walking track fee waiver rejected by UPEI
- Quebec premier visits storm-stricken Magdalen Islands
- Outstanding P.E.I. fishing loans top $85M
- Former shelter manager guilty of sexual assault
- Charlottetown sewer gets answer from Ottawa
- Immigrant babies often wrongly deemed underweight
- P.E.I. farmers consider HST
