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:
Please Note: This section includes the most recent/updated information regarding the project. Based on community engagement feedback at the time of engagement, project updates may differ.
Gunn’s Hill reached commercial operation in November 2016. It is capable of producing 18MW of solar power with 10 turbines. Gunn’s Hill LP is a partnership between Prowind Canada Inc., Oxford Community Energy Co-Operative Inc., and Six Nations of the Grand River Development Corporation (10% Ownership).