Who is Watts Wind Energy Inc.?

The company is operating with over 27 MW’s of generation capacity. Watts currently operates 13.3 MW’s of wind turbines near Sheet Harbour, New Glasgow, Barrington, and Wedgeport; 9.3 MW’s at the Ketch Harbour and Porters Lake sites; and an additional 4.6 MW’s at Liverpool; all within Nova Scotia. Most of Watts’ wind power projects have been under the Government of Nova Scotia’s Community Feed-in-Tariff (COMFIT) program.

Watts Wind Energy Inc. (“Watts Wind”) is organized as a privately owned, Nova Scotia Community Economic Development Investment Fund (“CEDIF”) with a diversified portfolio of 15 utility-scale wind energy turbines, representing an installed capacity of over 27 MW.

Watts Wind’s mandate is to invest in renewable energy projects with a view to generating long-term, above average yields for its shareholders. Central to the Company’s proposition to investors is that it does not invest in wind energy projects until the significant risks of development are addressed.

As a CEDIF, investors in Watts Wind may be eligible for non-refundable provincial tax credits of up to 65%, the applicability for which is subject to additional requirements of Watts Wind and the investor. There is no guarantee that Watts Wind will qualify or be eligible for these additional non-refundable provincial tax credits.

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