Controlling share of Nation Rise Wind Farm sold

(Newswatch Group/Bill Kingston, File)

FINCH – The owner of the Nation Rise Wind Farm in North Stormont has sold a controlling share in the operation to a First Nation, northwest of Ottawa.

EDP Renewables announced Thursday (July 15) that a 50.01 per cent ownership stake had been sold to a limited partnership, owned by the Algonquins of Pikwakanagan First Nation.

The reserve is about 40 kilometers southwest of Pembroke in Renfrew County.

EDPR says it will be responsible for the operations and maintenance of the 29 turbine, 100 megawatt wind farm that covers 12,000 acres in North Stormont for the life of the build.

EDP Renewables notes the Pikwakanagan First Nation has been an active investor in renewable energy.

Other terms of the deal were not disclosed.

The Nation Rise Wind Farm has faced a number of hurdles during its build, including fierce opposition from a concerned citizens group and a sudden revocation of the project by Ontario Environment Minister Jeff Yurek that was later overturned by a provincial court.

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