Niagara Region Wind Corporation supports Minister's commitment to Green Energy

OAKVILLE, ON, May 30, 2013 /CNW/ - Niagara Region Wind Corporation (NRWC) supports the provincial government's commitment to green energy, further emphasized today in a statement made by Ontario Energy Minister Bob Chiarelli.

At a press conference earlier today, Minister Chiarelli emphasized the government's commitment to green energy, and announced changes to Ontario's Feed-In-Tariff (FIT) program, including expanded financial benefits to local governments from wind power projects.

"NRWC has been engaging with local communities for years prior to receiving our FIT contract in February 2011.  We have offered Community Vibrancy Funds to local communities totaling more than $20 million.  Our financial commitment to local communities exceeds $100 million in addition to hundreds of local Ontario sourced jobs.  To that end, we have signed agreements with local municipalities, local property owners and enticed manufacturing to Ontario.  Major announcements are planned for the coming weeks." stated Mervin Croghan, Chairman & CEO, Niagara Region Wind Corporation.

"Though today's announcement largely impacts future projects, we believe it reflects the spirit of local consultation and inclusion that NRWC has been practicing since its inception," added Bob Daniels, Principal, Niagara Region Wind Corporation.

Niagara Region Wind Corporation received a Feed-in-Tariff contract in February 2011 for its 230 MW wind power project in West Lincoln and Wainfleet in Niagara Region, as well as Haldimand County.

About NRWC

Niagara Region Wind Corporation (NRWC) is focused on the development of renewable energy projects in Canada. It is an Ontario-based company committed to investing in local communities. NRWC is a partnership between Renewable Energy Business Ltd. and Daniels Power Corporation.

SOURCE: Niagara Region Wind Corporation

For further information:

Randi Rahamim
rrahamim@bridgepointgroupltd.com
416-795-0066

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Niagara Region Wind Corporation

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