CKWS-TV, out of Kingston, had a short news item about an elderly resident of Amherst Island who has been unsuccessfully trying to sell her house for quite some time. Several houses have been sold on the island, but they seem to all be pretty far from the turbines (or at least as far as you [...]
Browsing Posts tagged Economics
John Harrison has recently published an updated AI Viability Report. His first report was published about a year ago and in it he went through the likely electricity production and the resulting cash flows. Using reasonable assumptions, his calculations show that this project has a high probability of being a financial loser. The main difference [...]
John Harrison has been working on a letter to Algonquin and potential banking backers telling them of all the risks that they ought to consider with the Amherst Island project. I first posted on his letter here. Since then he had continued adding to the letter until now it serves as a very nice summation [...]
September 11, 2011. John Harrison has released his report on the likely financial non-performance of any wind energy project on Amherst Island. This is intended for anyone considering providing financial backing for a project on AI. This version is customized for Amherst Island; a second report posted at windfarmrealities.org provides a more general case for [...]
June 27, 2011. John Harrison sent this letter to Algonquin’s CEO, in an effort to convince him that the Amherst Island project may be a bad deal not only for the residents, but for Algonquin as well. Attached to this letter was a performance summary for the existing Ontario wind energy projects.
October, 2010. John Harrison sent a letter regarding Amherst Island to the OPA detailing all the reasons Amherst would not be a very good location for a wind project.
November 7, 2008. We assume Windlectric has submitted their bid to the OPA, but of course nothing is public yet, and won’t be until December or so. In the meantime, John Harrison sent this letter, 0.4mb to the OPA. It outlines some reasons they should carefully evaluate (and in John’s opinion, reject) the bid response [...]
