Site powered by WP Engine MAKE THIS YOUR PRINCE EDWARD COUNTY HOME...PAGE!  Monday, July 23rd, 2018

wpd CEO says cancellation unfair and costly for company

Open letter to Ontario Premier Doug Ford

wpd AG is a German developer, owner and operator of wind farm projects, which has, through its Mississauga based office, been developing the White Pines project for years and is now realizing it as an investor.

We employ over 600 people in 20 different countries. As a medium business, we are dependent on external project financing from banks and, in the case of larger projects, also on other investors. In the White Pines project, the public utility of the city of Munich is the co-investor.

If you now withdraw the economic basis for the White Pines project – as obviously planned – our company will incur a serious loss of over CAD 100 million. This is a difficult situation for a company of our size to cope with.

We have been active in Ontario since 2007 in full trust and confidence in a state where investors can rely on applicable law, protection of trust and investment security. In all the years, we have complied with all the applicable regulatory framework, created new jobs and paid taxes. Therefore, we have done everything as required by the legal and political framework.

It comes without saying that there are both supporters and critics to every major infrastructure project. Particularly in the energy sector, the discussions have often been very emotional. We have acceptedthe dialogue in Ontario in many events and have received a great deal of support on the ground alongside individual critics among the population.

A new elected government has any right to pursue a different energy policy. That is a fundamental principle of democracy. But do you think, dear Premier, that it is fair and equitable that a project right before completion is now being ruined retroactively and that our company is suffering serious damage through no fault of its own? Your reconsideration would be greatly appreciated.

Dr. Harmut Brösamle
CEO wpd AG

Filed Under: Letters and OpinionNews from Everywhere Else

About the Author:

RSSComments (61)

Leave a Reply | Trackback URL

  1. Gary Mooney says:

    Dave Thomas, government legislation trumps the courts, except for charter rights. The Ontario government can pass any legislation it wants, to void any contract, and that’s what it’s doing.

    And Fred, the legislation to cancel White Pines was due to be proclaimed this coming Thursday, but the NDP is slowing down the process. But it wlll be done soon.

  2. Gary says:

    How did we ever allow such a devastating policy as in the Green Energy Act to become law. Where were we and why did we sit quiet other than the fantastic groups that have opposed from day 1. PECFN & APPEC should be compensated for their costs.

  3. Mark says:

    4 years from now we may find the Ford PC,s quite disappointing, but not on the Industrial Wind file. On this they demonstrate courage to return power to local municipalities. That alone is admirable!

  4. Emily says:

    I think the discussion about a USA blackout has little to do with industrial turbines still being erected and roads, ditches and wildlife areas being desecrated.

  5. olmnonthemtn says:

    The report on the 2003 Blackout
    The painstakingly detailed report by the U.S.-Canadian task force confirmed what Warren already knew: It wasn’t Ontario’s fault
    The blackout’s roots trace back to a string of events in Ohio – some natural, some human.
    Trees and hot weather performed the natural factors.
    Heat boosted demand for power. That strained generating capacity, and loaded transmission lines – which heated and started dipping lower toward trees that had been allowed to grow up beneath.
    Then a unit at the Eastlake coal-fired generating station near Cleveland had a breakdown at 1:31 p.m. – meaning some transmission lines had to work harder to deliver power from outside the area.
    Part of the problem with the 2003 blackout, Campbell said, was that there were no clearly spelled out and enforced reliability standards for power systems.
    Ontario already had enforceable standards – with utilities or power agencies liable to fines if they didn’t make the grade. But in 2003, Ontario was the only jurisdiction in North America that did.
    Toronto Star Tues., Aug. 13, 2013

  6. Dave Thomas says:

    I just went for a drive. There are five wind turbines erected, none of which are turning. All of the other bases are in place but I could not see any active construction from my vantage points. There are workers around though, as their cars are parked along County Road 10 south of Milford.

    The idea that the CEO of wpd’s parent company should be criminally charged and extradited to Canada is ludicrous. The idea that the MNR should be disbanded is ludicrous. We live in a democracy that honours due process. Remember, wpd played by the rules, the rules set by a democratically elected government. Everyone will get their day in court but this is where outcomes will be decided. Mr. Ford cannot simply cancel legislation through an executive order. Thank goodness for that. Could you imagine the potential abuse of power if the courts were not able to opine on and enforce the laws of the land or if elected representatives couldn’t vote on passing or revoking legislation?

  7. Dennis Fox says:

    The total “black out” of 2003 originated in Ohio – but it was due to the lack of grid and transmission investment (updates) by the Harris government that allowed the American problem to become a wide spread Ontario one too. There was also the compounding problem of Ontario going through a heat wave and simply not having enough power to satisfy our needs – creating the perfect storm here. The “brown outs” that someone has referred to were certainly due to an inadequate supply of powerhere in Ontario – another let down by the Harris government of the day.

  8. james says:

    Electricity brownouts — No Ont. government was responsible for that 3-day brownout. It was the fault of a transmission system in the U.S.

    Learn a little history before babbling inanities. Are some of us living in la la land?

    Ask yourself when we last experienced a government that immediately after election addressed some voter issues.

  9. Fred says:

    Unfortunately I think WPD can proceed with their Liberal approval, fully construct and possibly even supply the grid while legislation to stop such action crawls to being legal .

  10. Dave says:

    Harmut,
    You were probably made aware how unpopular this project was with the local residents right from the very beginning, and yet you chose to go forward and accept the business risk.
    I am sure your lawyers will make a lot from this.

  11. Susan says:

    I believe the government backed the Ministry into a corner where they had to follow the green energy path and ignore their sworn duties to protect endangered species and the environment. Criminal indeed!

Leave a Reply

OPP reports
lottery winners
FIRE
SCHOOL
Neil Ellis Todd Smith
irrigation MPP Todd Smith
County Traders Eurotech

HOME     LOCAL     MARKETPLACE     COMMUNITY     CONTACT US
© Copyright Prince Edward County News countylive.ca 2018 • All rights reserved.