Canada invests in Trenton renewable energy project

Published: 08-Mar-2010

Canadian government is investing $10 million in a new renewable green energy wind turbine production plant being established in Trenton as a joint venture between Daewoo Shipbuilding& Marine Engineering Ltd. (DSME), of South Korea and the Province of Nova Scotia.

The investment, through the Atlantic Canada Opportunities Agency, is in the form of a $5 million repayable loan and a $5 million contribution for adjacent land improvements. DSME will establish a wind turbine tower and blade manufacturing facility in the former Trenton rail car plant, creating up to 500 direct jobs, with a total investment by the two levels of government and DSME of $90 million.

In 2009 DSME acquired DeWind , a US-based wind turbine engineering company, and announced plans to expand into the wind power sector and build a production plant in North America.

The Government of Canada’s decision to invest in this project is the culmination of more than 17 months of discussion between ACOA officials, the Province of Nova Scotia and DSME.

Minister MacKay noted that it is appropriate for the former Trenton rail car plant to begin producing wind turbines in an era when green energy production is becoming the leading source of electricity in the world. He recalled that Pictou County has been a centre of economic development in the province since before Confederation.

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