W e l c o m e . . .
The Bay Wind Field Inc. (Bay Wind) is an Independent, community owned corporation which has been raising capital through the Community Economic Development Investment Fund (CEDIF) programme in Nova Scotia. In the last few year Bay Wind has had several successful CEDIF offering raising more funds for investment in future projects. The Bay Wind Field Inc. was amalgamated on 31st October 2011, from: "The Gold Coast Wind Field Inc" (centred around Guysborough) and "The Bay Wind Field Inc.". (for more information please use this link).
Equity Tax Credits [ETC]. For 2017/18 we submitted and received approval for a 20% ETC from our offering ending in 2012, and a 10% ETC from our offering ending in 2007. ETC certificates were mailed by Ministry of Fianance to shareholders.
A update on subsequent ETC's can be found through this link.
The Bay Wind Field Inc - Latest Financial Statement. Use Link on left handside for older Financial Statements.
(PDF Format - 86 Kb).
Annual Statement for 2018 should be available in February/March 2019.
Presidents Report October 2018. The Presidents Report for 2016 can be found at through this link.
RESL Share Purchase. In August 2015, Bay Wind purchases through a private deal a further 25,000 shares in RESL, this was finalised in January 2016.
CEDIF programme. The CEDIF programme affords Nova Scotian taxpayers incentives for investing in Nova Scotia companies.
Bay Wind invests in opportunities that are within its investment criteria, namely wind, solar & other renewable energy sources. Bay Wind's primary investment focus in the past has been Companies in the area of Renewable Resources such as wind power exploration and development. Bay Wind is also analysing emerging business opportunities related to carbon emissions reduction, tidal, solar, hydrogen, renewable co-generation and alternative renewable fuel sources such as compressed wood briquettes.
Bay Wind after discussions at the Annual General Meeting (AGM) in August 2010 has decided to review the way it invests. This decision has been in consultation with the shareholders and with the announcement by the Nova Scotia Governments on New Regulations Encourage Community - Based Renewal Projects (COMFit) (See Press release (click here)). The reviews will be to consider invest in Projects instead of currently in Renewable Energy Companies. This does not mean that it will not carry on with its previous strategy.
To move ahead, Bay Wind is actively communicating with developers to meet the criteria announced and within Bill No 64 (An Act to Amend Chapter 25 of the Acts of 2004, the Electricity Act) to engage in Community Projects within the wind solar and other renewable sources. The monies raised in the last offering, and the previous offering, may be used for specific project(s) to be determined in the forthcoming months.
Bay Wind's previous investment focus was in the area of wind power exploration and development. The aim of the company was to invest in stock of renewable energy sector on behalf of community-based shareholders. In December 2013, Bay Wind made a loan to Scotian Wind Fields Inc and Scotian Wind, interest is paid annually with a option at the end of 5 years to convert the loan into stock.
The aim of Bay Wind is to invest monies raised, in either; Green Energy Projects and/or companies conducting business in the renewable energy sector.