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Renewable Energy Services Limited (RESL)
RESL is a privately controlled corporation that has constructed its first major wind farm at Point Tupper in Nova Scotia. The 23.3 megawatt, $53 -55 million CDN project will produce enough power to supply electricity to 7,000 homes. The project has a 20 year contract with Nova Scotia Power and represents one of the most cost-competitive projects in Nova Scotia. Point Tupper has been producing power since June 2010 and employed up to 100 people during construction.
With a view to developing a sustainable green energy resource on Cape Breton Island, ECBC has provided RESL with a commercial loan of $1.5 million.