GUNN’S HILL WIND FARM
Prowind Canada is developing the Gunn’s Hill Wind Farm on privately owned, land as well as municipal easements (electrical lines only) in the Township of Norwich, Oxford County, Ontario.
The Project was awarded a Feed-In-Tariff contract with the Ontario Power Authority. The project is 25 megawatts with 10 wind turbines which will be owned and operated by Gunn’s Hill Windfarm Inc.
Six Nations has a 10% Equity purchase option in the Gunn’s Hill Wind Farm. Six Nations capital contribution will be approximately 1.8 million, which is estimated to generate revenue in excess of $3 million over 20 years. In the event, Six Nations is unable or unwilling to proceed with an equity interest, the community benefit will default to a royalty stream as follows:
Royalty Default provision: $1000/MW/year for 20 year term of FIT Contract ($360,000)
Other project benefits, regardless of Equity or Royalty:
$4,000 per year for 20 years from the Gunn’s Hill Wind Farm Aboriginal Student Bursary for post secondary education will be exclusively available to Six Nations of the Grand River members.
If Six Nations members are interested in employment Prowind will ensure all resumes are passed to the hiring offices and considered for employment.
COMMENT ON THE PROJECT