Trillium Power Wind 1:
Clean, reliable and affordable electricity generation
Offshore wind is a reliable source of clean, economical and reliable renewable energy. Unlike onshore wind, that can be intermittent and inefficient, offshore wind is consistent and significantly more powerful. Interconnection costs to the mainland may cost more, however, the consistency and strength of the wind power more than compensate for the additional costs.
According to the Harvard School of Public Health "the total cost of damage by coal alone - from mining to burning to waste disposal - approaches $523 Billion per year, which would add as much as 27 cents per kilowatt-hour to coal's cost if plant owners had to pay for the damage, making it far more expensive than wind (Epstein et al. 2011).
Nuclear power is the most costly, heavily subsidized (UK, US), and shockingly risky form of electricity generation possible. Nuclear operators have twisted any sensible risk/reward model that the general public could intrinsically understand such that all of the profits flow to the operators and any catastrophic risks/costs flow to the citizens of Ontario (or elsewhere where nuclear reactors operate).
Even though it has been 70 years since the nuclear energy industry was started, it continues to receive over 30 different generous subsidies, nearly all of which remain hidden from the public so that the nuclear industry and their supporters can continue to misinform Ontarians that electricity generated from nuclear energy costs less than 10 cents. The ongoing actions of the nuclear energy industry clearly demonstrate that nuclear energy cannot survive without generous taxpayer subsidies, and bailouts, from all Ontarians when there are cost overruns or catastrophic events.
Legacy costs alone for older nuclear facilities exceed 7 cents/kWh over and above the 7 cents to 10 cents ratepayers are being charged for power. These costs do not include the cost of the inherent subsidy when nuclear operators are not asked to pay for billions of gallons per day of water that they use (even run-of-river operators pay to 'use' water to generate energy) nor for the insurance premium that they would be required to pay for $250 Billion in catastrophic insurance that would be required for any nuclear reactor 'incident' such as Chernobyl, Three Mile Island, or as disastrously occurred at the Fukushima reactors. The Fukushima region will remain radioactive for hundreds, if not thousands, of years and will ultimately cost many, many lives.
Trillium Power's first offshore wind development, Trillium Power Wind 1 (TPW1) will be located between 17 to 28 km off the mainland shores of northeastern Lake Ontario and will deliver approximately 600 MW - enough green electricity to power at least 252,000 typical Ontario homes.Each year Trillium Power Wind 1 will:
- Reduce greenhouse gas emissions by 2.57 million tonnes;
- Reduce nitrous oxide emissions by 7,571 tonnes;
- Reduce sulphur dioxide emissions by 15,571 tonnes;
- Reduce water used by fossil fuel generators by 14.1 billion litres.
Trillium Power Wind Corporation will invest approximately $1.6 billion into the TPW1 project in order to:
- Create up to approximately 2,100 new jobs;
- Advance a new era in Ontario of green-collar manufacturing;
- Contribute to municipal, provincial and federal tax bases;
- Regenerate aquatic stocks due to the 'reef effect' created by turbine foundations;
- Work with the FNT_ (First Nations Technical Institute) to develop cutting edge training programmes;
- Work with Aboriginal groups such as the Mohawks of the Bay of Quinte to assist their community to participate in the New Economy;
- Work with St. Lawrence College and other educational institutions to develop cutting edge training programmes;
- Work with Communities throughout Eastern Ontario and other regions of Ontario to create sustainable jobs and innovation.
Likely the first offshore wind farm to be developed on the Canadian side of The Great Lakes, Trillium Power Wind 1 will make a major and lasting contribution to Ontario’s renewable energy supply. Trillium Power should be Ontario's commercial-scale Offshore Wind demonstration site.