Chebucto WindField represents Halifax Regional Municipality and now has a new public share offering open. Go to www.chebuctowindfield.ca for more details.

Northumberland WindField represents Pictou and Antigonish Counties and has a new public share offering open. Click here to receive an Offering Document.

Several of the other local WindFields are preparing new Share Offerings. Check back soon for more details.

You can see all Community Economic Development Investment Fund (CEDIF) corporations here.

Chebucto WindField announces new public share offering

Halifax, NS – February 10, 2010 – Chebucto Wind Field Inc., a Community Economic Development Corporation, established to make investments in Nova Scotian renewable energy companies announces a new public share offering and two public information sessions. The Scotian WindFields are a network of eight community corporations throughout Nova Scotia working towards the shared vision of generating renewable energy by and for the community. Since 2002, Chebucto WindField has raised $480,000 over three share offerings and has invested these funds in shares of local renewable energy enterprises which are developing substantial wind and solar infrastructure projects across the Province. This season, Chebucto Wind Field is the only community owned wind field offering available.

Dan Roscoe, Chief Operating Officer for Scotian WindFields Inc. said, “We feel that with the Winter 2010 scheduled commisioning of the Digby Neck project, the recent award of 6 MW more of distributed generation agreements with NSPI and our expansion into on-site renewable energy applications including solar energy, that community based renewable energy is quickly changing from an interesting concept to a powerful reality.  We feel that this progress will dramatically increase investment interest in the local CEDIF WindFields.”

“Now is the time for Nova Scotians to take individual action to advance renewable energy generation in our province. Given the ever increasing cost of fossil fuels and a new United States administration with an emphasis on carbon emissions reduction, Nova Scotia cannot procrastinate in promoting and developing renewable energy sources. As a CEDIF, Chebucto Wind Field invests only in Nova Scotia based companies and investment in Chebucto Wind Field will result in support for those companies involved in renewable energy development”, said Dr. W.T. Stobo, President, Chebucto Wind Field Inc.

Investments can be made through Nova Scotia’s Community Economic Development Investment Fund (CEDIF). CEDIFs are an increasingly popular tax-advantaged investment model. These investments are eligible as a RRSP contribution and for a 35% non- refundable Nova Scotia Equity Tax Credit against Nova Scotia taxes paid or payable. The shares are not traded on any stock exchange, which means that their value is not directly affected by market trends making them an interesting option for investors in the current economic climate. The shares are intended as a long term investment and yield further tax credit benefits if held for ten (20%) or fifteen (10%) years. Certain conditions apply.
THIS CEDIF OFFERING IS MADE THROUGH AN OFFERING DOCUMENT, WHICH CAN BE OBTAINED FROM AN AUTHORIZED SALES AGENT OR FINDER, info@chebuctowindfield.ca or 902-209-5911. INVESTORS SHOULD READ THE OFFERING DOCUMENT BEFORE MAKING AN INVESTMENT DECISION.

FOR MORE INFORMATION ABOUT THIS PRESS RELEASE CONTACT:

Chebucto Wind Field Inc.
5 Bligh St., Dartmouth, NS,
B3A 1K8

E-mail: info@chebuctowindfield.ca
Phone: (902)-209-5911
Website : www.chebuctowindfield.ca