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Scotian WindFields Inc. Announces Establishment of Scotia Carbon Services with Good & Co. - Click here to read more & view Press Release
Scotian WindFields Inc. Celebrates Global Wind Day June 15, 2010 -
Announcing new turbine
June 15th, 2010 Lake Echo, NS - Scotian WindFields Inc is pleased to announce the installation of its latest wind turbines in Lake Echo, Nova Scotia. Mountainview Estates, a manufactured home community owned by Killam Properties Inc., will enjoy the benefits of a 50kW Endurance wind turbine and a 6kW Scirocco wind turbine. The 50kw machine provides three phase power to the community's water supply and waste water treatment facilities, while the single phase machine provides electricity to power the community's street lights and Killam's other electrical needs.
"We are excited to announce such an innovative project on Global Wind Day", said Scotian WindFields Chief Operating Officer Daniel Roscoe, "This project is a great example of both businesses taking a lead with respect to our dependence on fossil fuels and how renewable energy systems can help stabilize the cost of services important to us, such as provision of drinking water".
"Killam Properties is committed to managing its exposure to energy costs with investments in green initiatives" noted Philip Fraser, Killam's President and CEO. "The electricity generated through the wind turbines at Mountainview Estates is net metered against Killam's electricity usage at the community, allowing a perfect hedge against rising electricity costs."
This installation marks another renewable energy project for Killam Properties, which has shown leadership in this field for many years. This is their first wind energy project, and follows five solar system installations, and a variety of other energy efficiency programs. Killam is set to begin its newest solar energy system on its Parker Street Apartments, in Dartmouth. When completed, this project will be the largest single solar array in Nova Scotia.
The costs of traditional fossil fuel energy sources such as oil, natural gas, coal and heating oil have at least doubled, and in some cases quadrupled, over the past 10-15 years. This trend will only accelerate as these limited resources become scarcer and demand continues to rise. In addition to having volatile costs, 90% of energy consumed in Nova Scotia is imported, so the money spent on using this energy leaves our Province.
"Businesses and Public Institutions have to ask themselves: how can we keep our public infrastructure, like hospitals, schools, and basic services available, and our local businesses profitable, when oil is $200/barrel, or electricity is 20cents/kWh?" noted Daniel Roscoe.
"It gives us a great feeling of pride to see our hard work and investment turned into wind generators that provide energy directly to families in our community," said Chebucto Windfield Director Shannon Lynch. "Our investment group was founded on the recognition that we must shift focus from fossil fuels to renewable energy. In Nova Scotia our heavy dependence on fossil fuels puts our way of life in jeopardy due to the volatility of price and security of that risky fuel source. Seeing communities acquire access to clean renewable energy produced right in their own backyard, it's what our movement is all about."
Chebucto Windfield Inc is a Community Economic Development Corporation operating in Halifax Regional Municipality. Their mandate is to raise capital through the sale of shares and invest this money in renewable energy companies owned and operated in Nova Scotia.
Scotian and Killam hosted a tour of the new wind turbines to help celebrate Global Wind Day June 15, 2010.
For More Information Contact:
Dan Roscoe, Chief Operating Officer
Scotian WindFields Inc
 [902] 489 6787
dan.roscoe@scotianwindfields.ca
Download Press Release: Adobe pdf file(s)
SWFI Press Release 15 Jun 2010
 (PDF Format - 64K)
Scotia Windfields Website
Press Releases December 2008
RE: BAY WIND FIELD CEDIF ANNOUNCES STOCK SPLIT
The Bay Wind Field Inc. CEDIF is pleased to announce that its stockholders approved a ten to one
(10:1) stock split, which took effect on September 15th, 2008.
The stock split was approved by the Company's shareholders at the special meetings held on
July 16th and July 17th, 2008. Shareholders of record on the Record Date
surrendered their existing certificates of common shares and replacement certificates were
issued, on the basis of 10 shares being issued for every one common share
held by such holder. The current authorized capital of the company consists of 50,000,005
common shares without par value outstanding, following the share split, their will be approximately 37,495,200
common shares issued and outstanding.
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)
program in Nova Scotia. The CEDIF program affords Nova Scotian taxpayers attractive
incentives for investing in Nova Scotia companies.
Bay Wind's primary investment focus is in the area of Renewable Resources such as wind
power exploration and development. Bay Wind is also analyzing emerging business opportunities
related to carbon emissions reduction, tidal and solar power, hydrogen and renewable
co-generation.
The aim of Bay Wind is to invest monies raised, in companies conducting business in the
renewable energy sector. In April of 2008, Bay Wind exercised their options to purchase
additional shares of Scotian WindFields Inc. (SWFI).
Bay Wind intends to open another offering to the public before the end of the
2008-2009 RRSP financial year.
More information about The Bay Wind Field, Scotian WindFields, the CEDIF program and investing is available on
this website.
For more information contact:
Alain Belliveau, President
The Bay WindField Inc.
Phone/Fax: 902-769-3302/2305
Download Press Release: Adobe pdf file(s)
Press Release December 2008
(PDF Format - 110K)
About Bay Wind
Bay WindField is a community-owned CEDIF corporation which has been raising capital through a provincial
program which allows Nova Scotian taxpayers to receive incentives for investing in Nova Scotia companies. Bay Wind’s
focus is on the development of renewable energy sources and related business opportunities.
NEWS RELEASE: Scotian WindFields endorses Ecology Action Centre's call for Sustainable Infrastructure
December 16, 2008
Scotian WindFields is endorsing the Ecology Action Centre's call for sustainable infrastructure spending.
"The Ecology Action Centre's approach to the economic crisis by encouraging investment that helps transition Nova Scotia to a
low carbon economy is bang on with what we've been recommending," Chief Operating Officer, Dan Roscoe said regarding today's
release from the Ecology Action Centre.
"It makes good business and economic sense, and it also suits the government's strategy to meet the targets of the Environmental
Goals and Sustainable Prosperity Act by addressing both sustainability and prosperity" added Roscoe.
The policy analysts at Scotian WindFields added practical recommendations to the call for sustainable infrastructure funding. These
recommendations meet government's twin goals of facilitating long term strategic reduction in greenhouse gas emissions and of fueling
economic growth in the green-tech and green-collar job sectors.
Recommendation One:
Invest in onsite renewable energy and energy efficiency measures at public buildings, for example:
- Onsite wind turbines at schools, and large public infrastructure like water supply and treatment facilities
- Solar hot water panels at hospitals, long care facilities, recreation centers
- Lighting and insulation improvements at public offices and administrative facilities
Recommendation Two:
Triple the funding for energy auditors in the province, and cover all of the associated costs to the home and business owners.
(The current wait time of 4-5 months, with a prohibitive upfront cost is a major barrier to most homeowners.)
Recommendation Three:
Provide 10 year interest free loans for all onsite renewable energy generation - all active forms from commercial to residential,
including all net metered wind turbines.
By comparison, these initiatives will cost far less than the anticipated $100 Million earmarked for the twining of
Highway 104 and building of new Jails. These recommendations will also have a far more immediate and long lasting economic
ripple effect, creating many times more jobs and economic development.
Enactment of these recommendations will set Nova Scotia up well, both economically and environmentally. By taking
leadership with direct measures and by empowering residents to make local changes, the province will make the kind of
infrastructure investment that can have long-term effects and ensure a sustainable future for its citizens.
Download Press Release: Adobe pdf file(s)
SWFI Press Release December 2008
(PDF Format - 64K)
About Scotian Windfields
Scotian WindFields Inc. is a Community based company providing leadership and investment
opportunities for local Nova Scotians to invest in and share in the development of renewable
energy projects. Our initial focus has been in Nova Scotia but we are now sharing our knowledge
and approach throughout Atlantic Canada and beyond. In addition to this large scale project we
are developing many projects designed to assist businesses and homeowners in moving towards a
more sustainable forms of energy utilization. Scotian WindFields offer solar hot water systems
and embedded wind energy solutions to its ever increasing list of clients. For more information
about Scotian WindFields and how you can get involved please visit our website.
Scotia Windfields Website
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