Mr. Mike Magnus, Shear Wind’s President and CEO stated, "We are very pleased to have received this approval in relation to the Willowridge Project, as it gives us the solid basis to move forward to build out the wind farm. The ASRD Approval takes us a major step further in our readiness and we are pleased with our progress."
Shear Wind has worked extensively on the Willowridge Project for over six years, having completed studies and evaluations indicating that the site could provide up to 400 Gigawatt hours (GWH) of renewable energy for the communities of Alberta.
The ASRD Approval took into account the environmental reports and studies done by Shear Wind for the Willowridge Project, the proposed turbine locations and the associated mitigation measures presented for the defined project. The Report stated: "ASRD-FWD has reviewed the proposal (including turbine locations) and is satisfied with the monitoring and mitigation of impacts to wildlife and their associated habitats, including Species at risk." Their approval included Shear Wind’s proposed mitigation strategies, including associated infrastructure and construction plans, and post construction monitoring program.
Shear Wind is currently working on other projects in Nova Scotia, and are working towards submissions answering a call for renewable energy. The submissions will be for up to 80 MW of electrical generation on the Glen Dhu South site and 50 MW on the Canaan Mountain site. Approvals for the Request for Proposals are anticipated to be in the summer months. Adjacent to the proposed site of the Glen Dhu South Project, Shear Wind built and is operating the 62 MW Glen Dhu Wind Energy (North) facility which is presently the largest wind turbines facility in Nova Scotia.
Shear Wind has projects in development in Nova Scotia, New Brunswick, Saskatchewan and Alberta. Magnus further stated, "We are really pleased to be able to advance projects concurrently in both provinces, and are looking forward to finalizing the development and construction in both provinces in 2013-2014."
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Shear Wind in any jurisdiction.
Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is engaged in the exploration and development of renewable wind energy properties in Canada. Shear Wind is focused on building a strong company based on a secure and sustainable supply of clean wind energy. Shear Wind is committed to building shareholder value governed by environmental stewardship. Inveravante Inversiones Universales, S.L., an international corporation based in Spain, indirectly owns 62% of Shear Wind on a fully-diluted basis and 49% of Glen Dhu Wind Energy Limited Partnership through Genera Avante Holdings Canada Inc., following its investment in Shear Wind in November 2009.