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Scotian WindFields

Fourth Generation Capital of Windsor

Gold Coast & Bay Wind Partnership

 
The Bay Wind Field Inc



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Founded in the year 2000, Bay Wind's partner Renewable Energy Services Ltd.(RESL) is a wind energy exploration and production company engaged in an aggressive five-year program of wind power development. It is pioneering the next-generation regional energy supply, based on the secure, sustainable supply of wind energy that Nova Scotia has available for development.

In January of 2004 the Board of Directors of RESL announced that it had reached agreement with Larry Leblanc whereby Larry would assume the position of CEO of Renewable Energy Services Ltd. Leblanc was formerly the senior executive in charge of East Coast exploration operations for Encana Energy of Calgary. He made his presence felt at RESL immediately and by the summer of 2004 RESL had unveiled its first major exploration program.

By December 2005, RESL was successful in negotiating long term power purchase agreements with Nova Scotia Power, with land leases for its exploration sites.

As of 2007, RESL has 8 exploration wind turbines built and generating 5.5 megawatts of electricity bought by Nova Scotia Power, with more on the way.

Bay Wind is associated with RESL in two ways:

  • Bay Wind and RESL have signed the Scotian WindFields Joint Venture Power Development and Operating agreement in which both parties will participate in the exploration and development of wind energy in Annapolis, Digby and Yarmouth Counties.


  • This operating agreement is common to each of the Scotian Wind Fields. It was adapted from the joint venture operating agreements and procedures typical of oilfield operations but has been re-configured to reflect deployment of distributed power generation sourced from renewables. This common development and operating agreement streamlines coordination during the early phases of turbine deployment and in all later operational phases. It makes projects easily scalable and promotes important economies of scale. It makes for easy asset valuation, increased aftermarket liquidity and improved marketability for assets developed pursuant to the operating agreement.
In addition to the Operating Agreement, Bay Wind is a significant shareholder of RESL treasury shares, and as such has an interest in all of RESL's business activities.

For more information on Scotia Wind Fields visit their website click on the link below:

Click to go to Web Site       RESL Web Site

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Updated:-
  10 Dec 2014