Maritime Electric, with the support of the government of Prince Edward Island, is seeking proposals for the development of a total of 130 megawatts of renewable energy, said Richard Brown, environment, energy and forestry minister.
“This announcement means opportunity for Islanders and Island
businesses. It also means we will better protect Islanders from the
worst effects of volatile global energy prices,” said Brown.
The energy produced for the domestic market will be sold to Maritime
and distributed to Islanders. The utility already supplies more than
15% of its customers’ power from wind, and the new development will
bring that share to over 20% renewable-generated electricity.
Renewable Energy Credits from the energy exported will be sold to
provide revenue for the province and further stabilize rates on Prince
Edward Island. Energy produced for export will be shipped along
Maritime’s lines, producing revenue for the utility that will
contribute toward the reduction of electricity costs. If all 130
megawatts are developed, the total wind production in the province will
be 293 megawatts.
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