Shear Wind Inc. celebrated the official opening of its 62.1 MW Glen Dhu wind farm Monday with over 100 people on its site, located between Pictou and Antigonish counties in Nova Scotia.
The wind energy produced by the project is expected to represent 35% of Nova Scotia Power's 2010 renewable portfolio standard.
Shear Wind estimates that the project has resulted in a direct and indirect investment of approximately C$40 million in Nova Scotia – C$22 million of which has been invested directly in Pictou and Antigonish counties, and C$2 million of which was generated through worker spending.
Genera Avante Holdings Canada Inc., a subsidiary of Spain's Inveravante Inversiones Universales SL, is Shear Wind's largest shareholder. Inveravante has ownership of wind facilities in Europe and parts of South America.
Shear Wind is planning an additional two-phase expansion of the Glen Dhu project, which is expected to add approximately 170 MW total.