AI – April 30, 2010

April 30, 2010. This letter from Gaia was sent around to the Island residents. As an update it was nice of them to do this. Algonquin still is mentioned as the project developer, but in their annual report the only mention of something that could be Amherst was an 80-mw project in southern Ontario. It is unknown to me if that is our project or someone else’s. I had generally assumed that any project on Amherst would be made as large as possible due to the cost of the underwater cable to the mainland. 200-mw seems to be the Ontario upper limit, but maybe they had to retrench. At the now-higher price under the FIT maybe they can make a profit. All these questions, but no answers yet.

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