Governments are calling for a switch to renewable energy and electric cars. This proposed mega-scale wind energy project is large enough to supply 10% of North America’s future electric car fleet.
The additional wind power proposed would allow Canada and America’s targeted C02 emissions reductions to be met at a lower allowance cost, saving consumers an estimated $10-$20 billion per year in carbon taxes.
MULTIPLE 10GW WIND POWER MODULES
The Canadian Atlantic Clean Power project proposes to install an increasing number of wind-farms, each with 10 GW output, over a 25 year period, making them the largest proposed wind power projects in the world.
Electricity would be sold to Canadian and US Eastern Seaboard markets. The annual wind force in the lease application area is higher than other wind-farms, creating double the annual electricity output and significantly higher profitability.
The project’s capital cost is estimated at 1/4 that of a nuclear, coal or conventional wind plant. The wind-fuel is free and forever.
Construction timelines are much shorter than for conventional power projects and can be completed in stages.
Potential clean energy revenues of approximately $1-2 billion per year would accrue to PGCR’s 10% equity when completed. This wind energy project is large enough to supply 10% of North America’s future electric vehicles.
The company has a 10% equity in the proposed project and an option to increase its equity to a 20% interest for the issuance of 25 million restricted shares.