Natural Forces Launches Wind Energy CEDIF In Nova Scotia

Posted by Lauren Tyler on January 19, 2016 No Comments
Categories : Projects & Contracts

Natural Forces Wind Inc. says it has launched its fifth and likely final community economic development investment fund (CEDIF) offering in Nova Scotia. It’s called Wind4All Communities III Inc., and as with previous CEDIFs in the Wind4All “family,” it intends to invest in Nova Scotian wind farms.

The CEDIF offering aims to raise C$3 million by Feb. 29 to fund the development and construction of two community feed-in tariff (COMFIT)-approved wind farms: The single-turbine, 1.6 MW Pictou Landing Wind Farm is located in Pictou County, approximately 20 km east of New Glasgow; and the two-turbine, 6 MW Amherst Wind Farm is located in Cumberland County, approximately 6 km east of the town of Amherst.

“CEDIFs are a local investment tool,” says Austen Hughes, president of Wind4All Communities III Inc. “They allow regular people to help build Nova Scotia’s renewable energy future while supporting local businesses.”

Under the CEDIF offering, Assante Financial Management Ltd. and Assante Capital Management Ltd. will be acting as the exclusive selling agents. Wind4All Communities III Inc. will aim to sell a minimum of 1,750,000 shares and a maximum of 3,000,000 shares. Each share costs C$1.00. The minimum someone can invest is C$500, with the maximum investment being C$30,000.

All Nova Scotian residents over the age of 19 are eligible to buy shares in Wind4All Communities III Inc.

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