Port Hawkesbury, Nova Scotia, February 12, 2020 - Port Hawkesbury Paper (PHP) has taken another significant step in the development process for the 112- megawatt wind farm first announced in December 2019 by directly funding the installation of two meteorological towers on the proposed project site in Guysborough County, Nova Scotia.
These two towers will collect vital wind data over the next twelve months. As part of PHP’s due diligence process, the collected data will serve to verify the wind resource over the project site and facilitate project design in terms of potential turbine distribution and arrangement. Positive results from the due diligence process could enable construction to begin in 2022, subject to all appropriate legislative and regulatory requirements. When built, this project would be the largest wind farm in Nova Scotia and supply green power directly to PHP. Construction of the farm would generate local employment and significant ongoing tax revenues in the province.
The towers are a critical piece of the due diligence process PHP has been working on in collaboration with the Canada Infrastructure Bank (CIB) to determine the proposed wind farm’s financial viability. This collaboration could lead to a CIB investment in the project, subject to all standard due diligence and decision making.
“We are excited about the potential of this project to contribute to our mission to make Port Hawkesbury Paper the highest quality and most competitive producer of supercalendered paper in North America while at the same time being a great place to work, environmentally responsible and a strong contributor to the province of Nova Scotia,” states Ron Stern, President Stern Partners.
PHP is the largest industrial employer in the region and the largest energy consumer on the Nova Scotia grid, representing 10% of the province’s demands. Development of the project would further enhance sustainable energy supply to Nova Scotian industry while also supporting provincial and federal environmental commitments. This project is just one of PHP’s ongoing commitments to build an environmentally sustainable business.
About Port Hawkesbury Paper
At Port Hawkesbury Paper, we are the leader in supercalendered paper manufacturing in North America. Our ownership focuses on building and investing for the long-term and is dedicated to developing a flexible and sustainable business. We believe that every employee’s actions make a difference and we rely on committed, skilled people to use leading-edge processes and technology to develop best-in-class products. The secret to our effectiveness is shown in our products' consistent and reliable quality and our open communication and problem-solving with our employees,
suppliers, and customers. Quality, reliability, and consistency of products and services deliver ultimate customer value. PHP is the only industrial company in the Maritimes that is independently certified to the Forest Stewardship Council® (FSC®) forest management and chain of custody standards, Sustainable Forestry Initiative® (SFI®) forest management and chain of custody standards, and PEFC™ chain of custody standard.
Source: Port Hawkesbury Paper
