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August 7, 2013
For immediate release
Hermanville/Clearspring Wind Development good news for local economy
Finance and Energy
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“A lot of people are working during the construction of this project,” said Minister Sheridan. “Looking around the site, you see contractors from Tignish to Souris, and we’ll be hiring more as the project moves ahead. These workers visit the neighbouring communities and spend money throughout the local economy.”
So far, the project has provided employment to more than 125 workers from 25 engineering, construction and building trades companies. This represents an investment in excess of $10 million in goods and services. A further $3.5 million in non-turbine related equipment has been ordered from 15 different suppliers.
“The economic spinoffs from this project are significant,” said Minister Sheridan. “On top of that, when the turbines are commissioned, we’ll be providing $350,000 a year in landowner payments and a community trust fund for the Hermanville/Clearspring area.”
This $60 million project will create another 30 Megawatts of wind energy for use in Prince Edward Island. When added to its existing wind development, Prince Edward Island will be generating more than 30 per cent of its electric power from this clean, renewable source.