Financial hit from faulty wind farm turbines expected to deepen in P.E.I.

Prince Edward Island – National Wind Watch: Wind Energy News
13/09/2023
Financial hit from faulty wind farm turbines expected to deepen in P.E.I.

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Episode Synopsis

Profits at the P.E.I. Energy Corporation were slashed by more than half last year, with auditors warning revenues will drop even further as the Crown enterprise tries to fix one of the province’s biggest wind farms. In its annual report released last week, the P.E.I. Energy Corporation recorded a profit of $3.5 million. That’s less than half of what the utility has posted in any fiscal year since 2014-15, the first full year the Hermanville wind farm in eastern P.E.I. . . .

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