Maritime Electric, the privately owned utility that serves Prince Edward Island, has signed a 20 year agreement with the provincial government to buy 39 MW of wind power from the publicly owned PEI Energy Corporation (PEIEC). The power will come from the energy corporation's 30 MW Eastern Kings project, expected to start construction this summer using Vestas 3 MW turbines, and from a 9 MW wind farm being built by Toronto's Ventus Energy near the town of Norway. That project is tentatively scheduled to start construction later this year and be completed in 2007. PEIEC has a separate agreement with Ventus to buy the power from the Norway project and then sell it to Maritime Electric. PEI already has 13.5 MW of installed wind capacity, which supplies approximately 5% of its electricity needs. The addition of 39 MW will bring Maritime Electric close to its legislated requirement to acquire at least 15% of its supply from renewable sources by 2010. The utility will buy the power at the fixed-price rate of C$0.0775/kWh set by the provincial government late last year.
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