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Barrington Wind Energy Limited
Corporate Profile

Barrington Wind Energy Limited (BWEL), founded in 2003, is a Halifax, Nova Scotia based developer of primarily wind-based electricity generating stations employing third-generation wind turbine converters.

  • The growth of electricity consumption and wind generated electricity, concurrently with the maturation of wind energy conversion technologies has led Barrington Wind Energy Limited (BWEL) to evaluate business opportunities in Atlantic Canada, in Ontario, and beyond. The evolution of significant financial incentives and policies on the part of the Government of Canada, combined with the early stages of electricity restructuring in Nova Scotia and Ontario with a bias towards renewable energy projects, confirms BWEL views that there are opportunities to be pursued. The stipulated requirement for new electricity generating capacity in all of Atlantic Canada and Ontario over this decade has enhanced the validity of this business concept.

  • Barrington Wind Energy Limited (BWEL) will develop a minimum of 125MW of wind power by 2009, both independently and in strategic partnership relationships. BWEL is working on multiple developments at this time: wind power projects in New Brunswick; a 48MW wind power project to non-utility off-takers in Canso, Nova Scotia; land acquisition and wind test tower installations in both southwest Nova Scotia and north shore Nova Scotia. Additionally, BWEL has acquired a 20 MW wind power development site at Huron-Pine River, south of Kincardine, Ontario and is actively pursuing other Ontario development opportunities.

  • BWEL has made substantial investment in the acquisition of measured and logged data for wind resource assessment, as well as "public-domain" data research throughout Nova Scotia, Ontario and New Brunswick. BWEL will continue its exploration for the highest of wind regimes as it undertakes the planning and construction of utility-grade commercial wind farms.

  • The founders of BWEL have made significant investment in building the fiscal and management structures, and the commercial relationships required for the development and operational phases of its projects. BWEL has developed relationships with the following:
    1. Giffels Associates Limited & Giffels Partnership Solutions Inc. (Ingenium Group Companies) for strategic project planning, corporate finance advisory services, and engineering services;
    2. AMEC Inc., for environmental impact studies (Atlantic Canada);
    3. J.W. Lindsay Enterprises Limited, for procurement, general contracting and construction management of Nova Scotia wind farms;
    4. Grant Thornton, LLP, for accounting and tax advisory services;
    5. Sou’Wester Exploration and Technologies Inc., for wind test tower erection, wind data collection and analysis;
    6. Union Securities Limited, for capital markets intervention;
    7. Burchell Hayman Parish, Barristers & Solicitors for Canadian, New Brunswick, and Nova Scotia legal advisory and corporate trust services;
    8. Canadian ORTECH Environmental Inc., Mississauga, Ontario for wind test tower erection, wind data storage and analysis in Ontario; and
    9. Controltech Engineering Inc., Mississauga, Ontario, technical advisors for Ontario-based renewable energy projects.
  • The BWEL approach to equity financing is to encourage and facilitate the most effective equity participation for each project. BWEL will employ jurisdiction appropriate tools to this end.

  • BWEL correctly anticipated the subtleties and nuances in the direction of re-regulation of the power generation and transmission markets in the Maritimes. BWEL has positioned itself to succeed in wind power developments in Atlantic Canada and Ontario. The Board of Directors is comprised of key individuals of high integrity and repute who contribute to the venture’s success. BWEL’s founders’ significant public visibility and broad-based ownership structure has given and will continue to give it a unique competitive advantage as this natural resource is developed.

  • The dominant revenue streams in commercial wind power generation are determined by the overall quality of measured and properly analyzed wind resources, suitable and competitive project finance structures, and full realization of the commercial values of all resultant "products". This manifests itself both in terms of physical energy production, as well as "Green House Gas" credits and other "attributes" streams. The BWEL wind power business model will permit wind turbines to attract some or all of the following, on a project specific basis:

    • Accelerated capital equipment write-offs ( CRCE) at 100% in year 1 (equivalent to oil and gas exploration and development expenses) which can be renounced via “flow-through” share issues and are of keen interest to high net income taxpayers.

    • Following-year Chapter 43.2 Capital Cost Allowances at 50% declining balance.

    • Nova Scotia Equity Tax Credits (30%) applicable to Nova Scotia investors.

    • Federal Government Wind Power Production Incentives and tax credits.

    • Revenue streams for additional production "capacity" added to systems.

    • "Green power” premium pricing for renewable energy or “carbon credits”.

  • BWEL’s ownership and operating structure is poised to deal with regulatory hurdles and to bring world-class capital to the table. The highly incentive-driven commercial wind development fiscal regime is here now and will come only once, during the current inception of the industry in Canada. Superior wind exploration and analytical processes, combined with BWEL’s commercial wind-farm strategy, will permit the company to participate as a significant force in the exploitation of this Nova Scotia renewable wind energy resource. Minor area-specific modifications will permit BWEL’s development model to be transplanted to other jurisdictions.


    Barrington Wind Power Limited

    Barrington Wind Power Limited, a wholly owned subsidiary of Barrington Wind Energy Limited, operates from our Burlington, Ontario office and is responsible for all Ontario operations.

    We have land options in western and north-central Ontario and are currently expanding our land base aggressively to take advantage of the promised opportunities from the upcoming standard offer contracts. Ian Baines is Vice President responsible for Ontario.

    powering nova scotia with renewable energy

     

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