P.E.I. sells renewable energy credits
Last Updated: Thursday, September 24, 2009 | 11:31 PM AT
CBC News
Wind turbines at East Point Wind Farm. (CBC)TD Bank Financial Group is buying renewable energy credits from the East Point Wind Farm in eastern P.E.I., marking what could be the beginning of a new export product for the province.
Over 18 months, the bank will buy certificates equal to more than 10,000 megawatt hours of wind-generated electricity and, in essence, buy "green" electricity for its operations in P.E.I. and Nova Scotia.
A spokesman for TD Bank said the purchase — which will cost about $50,000 for a year and a half — is part of an effort to make the bank carbon-neutral by next year.
Environment Minister Richard Brown said with 80,000 megawatt hours worth of electricity still to sell, the revenue will fund more renewable energy projects in the province.
"Hopefully this will spur sales in other areas," Brown said.
The East Point Wind Farm generates 90,000 megawatt hours of electricity every year and is certified under Environment Canada's Environmental Choice program.
Share Tools
Latest Prince Edward Island News Headlines
- Magdalen Islands storm aid keeps P.E.I. port busy
- Extra ferries have been put on the route between the Magdalen Islands and Prince Edward Island to send equipment to restore power after a winter storm knocked out electricity for thousands Saturday night. more »
- Fundraising support for Tignish girl 'unbelievable'
- The committee organizing fundraising for a new home for Bobbi-Jo LeClair in Tignish P.E.I., seriously injured in a car crash, says it's going well but needs a little more co-ordination. more »
- P.E.I. overpaid on equalization, says think tank
- Prince Edward Island received $90 million more than it should have in equalization payments in 2010, says the Mowatt Centre for Policy Innovation at the University of Toronto. more »
- Coyote worries Charlottetown residents
- Suspected coyote sightings in the heart of Charlottetown are concerning some residents there. more »
Top News Headlines
- Whitney Houston was found unconscious underwater, police say
- Whitney Houston was underwater and apparently unconscious in a bathtub at the Beverly Hilton Hotel when found, Beverly Hills police said Monday. more »
- Mandatory gun sentence struck down by Ontario judge
- An Ontario Superior Court judge has struck down a mandatory minimum sentence for a first offence of possessing a loaded firearm. more »
- Online surveillance critics siding with child porn: Toews
- Critics of a bill that would give law enforcement new powers to access Canadians' electronic communications are aligning themselves with child pornographers, Canada's public safety minister says. more »
- Low vitamin D in womb tied to poor language skills
- Children born to women who had low levels of vitamin D during their pregnancy are more likely to have language problems, a new study suggests. more »
- Still no power for 100s in Maritimes
- Coyote worries Charlottetown residents
- Students pinched by late scholarship
- Magdalen Islands storm aid keeps P.E.I. port busy
- P.E.I. overpaid on equalization, says think tank
- Vets board member says privacy raided
- Magdalen Islands residents left without power
- Fundraising support for Tignish girl 'unbelievable'
- Montague EI centre union to demonstrate
