PORT RYERSE WIND PROJECT
Boralex Inc. is developing the Port Ryerse Wind Power Project east of the hamlet of Port Ryerse in Norfolk County. The project was awarded to Feed-In-Tariff contract with the Ontario Power Authority on February 25 2011. The project is sited on privately-owned lands, where landowners have entered into a lease agreement with Boralex. The project is 10 megawatts with 4 wind turbines and will be owned and operated by Port Ryerse Wind Farm Limited Partnership.
Royalty Payment of $750/MW/year plus consumer price index for 20 years (estimated to be $150,000);
Mentorship during Small FIT on-reserve solar development; and
Execution of an MOU to pursue Joint Venture development of future non-contracted renewable energy projects along the Haldimand Tract; in which Six Nations could potentially own up to 15% in each contemplated project.
COMMENT ON THE PROJECT