MARKHAM, ON, April 15 /CNW/ - Paul Boreham, President, 401 Energy Ltd., is pleased to announce that the Ontario Power Authority has approved the company's Feed-In Tariff (FIT) Program application under Farm Owned Power (Melancthon) Ltd., to construct a 100 MW wind farm on 4,500 acres in the Township of Melancthon, County of Dufferin approximately five kilometres north of Shelburne, Ontario. 401 Energy Ltd. is the only wind power company in Canada that offers a unique 51/49 per cent ownership stake to participating community based projects.
Commenting on the announcement, Paul Boreham said: "The 401 Energy farm-centric model is truly unique in Canada in that we partner with farmers to develop renewable energy projects as a means to preserve farming, secure our country's food supply and enhance the self-sufficiency, independence and entrepreneurial spirit of our farmers. And that's not all. Our projects are different; they have a significant and positive economic impact on the communities and residents of the areas in which we operate, and are sources of sustainable long and short-term local employment. My team and partners couldn't be more pleased."
This project will involve the erection of 40 turbines and the installation of new power lines capable of carrying 100 MW of power. When it is completed by August 30, 2011, it will be the largest community-owned wind farm project in Canada capable of providing enough energy to power approximately 35,000 households.
About 401 Energy Ltd.
401 Energy Limited is a leader in the use of wind turbines to harness the wind to generate electricity. Their unique "51% Equity Ownership Program" guarantees local ownership, increases the wealth generating potential of the land in ways never before imagined, and provides a structured inheritance for future generations of Canada's farmers.
SOURCE 401 Energy Ltd.
For further information: For further information: Media inquiries: Ian Henderson, (905) 910-0269, www.401energy.com