Last month, the Liberal government cancelled plans for another $3.8 billion in renewable energy projects citing efforts to curb rising electricity costs. ( Julia Pelish Photography )The U.S. firm awarded $25 million in damages after the province stalled its Lake Ontario wind farm says it’s hoping for an “amicable” solution allowing the $5.2 billion project to go ahead. “We’ve never found ourselves in a situation like this,” David Mars of Windstream Energy said Thursday of the Liberal government’s 2011 moratorium that halted development of offshore wind projects. “The Liberals have two choices — build the project and pay out $5.2 billion or enter into settlement negotiations to try to convince Windstream to take less. The moratorium came just six months after Windstream was awarded a contract to build the 300 megawatt wind turbine installation.

Source: thestar October 20, 2016 22:41 UTC