Moorefield Wind Project

 

MUNICIPALITY

Moorefield Ontario (Wellington County)

CONTRACT CAPACITY

500 kW

OWNERSHIP

51% LIFE Co-op

49% Roubos Wind Energy Ltd.

 

LIFE has also embarked on its first wind project through its subsidiary, Moorefield Wind 1 Inc., which is co-owned with Roubos Wind Energy Ltd.  The Moorefield project recently executed a FIT contract for the 500 kW Wind Project, located near Palmerston, ON.  The turbine was raised in October 2016, and we continue to work toward finalizing our connection to the grid. LIFE expects to purchase up to 51% of the project - an estimated investment of some $700,000 - from Roubos Wind, which has financed virtually the entirety of the project to date.

LIFE's return on investment is expected to enable us to issue dividends on this project in range of 5% per annum. Once the turbine is running, we plan to conjoin all our investment shares, so that all members/ investments are treated equally.

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