in News Departments > New & Noteworthy
print the content item

Prince Edward Island (PEI) has seen nearly $5 million invested in its energy savings bonds in less than three months, say PEI government officials.

The bond program was created to give PEI residents and business owners an opportunity to invest in the Eastern Kings Wind Farm, which recently began commercial operation. The amount of the bond issue is $20 million, so islanders still have plenty of opportunity to invest in the them. The bonds have a guaranteed return of 5% annually for five years, and the minimum purchase is $500.

"About $12 million that used to leave the province each year to import electricity generated from fossil fuels will now stay here in PEI, contributing to the local economy," says Jamie Ballem, minister of environment, energy and forestry. "At the same time, we are reducing greenhouse gas emissions that contribute to climate change by more than 100,000 tons annually - the equivalent of taking 22,000 cars off the road."


Trachte Inc._id1770
Latest Top Stories

GE Turbine Partially Collapses At Kansas Wind Farm Owned By Enel Green Power

It is unclear what caused a GE 1.85 MW turbine to come crashing to the ground last week at the Buffalo Dunes wind farm, located near Garden City, Kan.


Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.

Hybrid Energy Innovations 2015