Canadian Hydro Developers “Increased Expenses” in Second Quarter a Result of Low Winds and High Cost of Victim Compensation
Toronto — Canadian Hydro Developers (TSX: KHD) has spent 1.75 million dollars since 2005 purchasing the property of residents who have reported negative health effects as a result of Phases I and II of the Melancthon Wind Project. Families have literally been bought out of their own communities by Canadian Hydro Developers as a result.
With a plate (potential) capacity of 199.5 Megawatts, Canadian Hydro Wind Developer’s Melancthon project is Ontario’s largest wind factory. However, on the Canadian Hydro Wind Developer’s website that anticipated power production is only be 31.2% of capacity.
Meanwhile, the most recent hourly data provided by the Independent Electricity Operator for Ontario which monitors output shows that during the hottest week this summer – August 10th to August 16th, the Melancthon Project’s electricity output was just 5.9% of capacity and just 20% of Canadian Wind Developer’s anticipated return.
“Reckless provincial regulations that allow for irresponsible project design have put developers like Canadian Hydro Developers in a position of liability for impacts on human health surrounding their wind factories. So far this one project has cost Canadian Hydro Developers $1.75 million due to health impacts. As more evidence continues to mount, the liability of companies like Canadian Hydro Developers will also increase,” said John Laforet, President of Wind Concerns Ontario, a coalition of thirty-four grassroots citizens groups in twenty-one counties and the City of Toronto.
Mr. Laforet continued, “The reality is the current model for wind power installations in Ontario is harmful to citizens’ health and the pocketbooks of investors. Between the liability for impacts on human health and simply a lack of constant wind, these are high risk investments, regardless of what price the government of Ontario puts on each kilowatt hour.”
Wind Concerns Ontario is calling for a minimum setback requirement of 1.5 KM from residences to be included in the Green Energy Act regulations, to protect human health from the negative affects of wind factories.
For more information contact:
Beth Harrington, Media Relations, Wind Concerns Ontario
John Laforet, President, Wind Concerns Ontario
windconcerns@gmail.com
18 August 2009
Tags: Wind power, Wind energy
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