Yukon Energy continues to pursue wind power options, the company’s president told the legislature Tuesday.
Ferry Hill is the most shovel-ready project, David Morrison said.
“When it fits the load scenario, Ferry Hill is ready to go.”
That project would cost $100 million and generate up to 20 megawatts of energy, he said.
High up-front costs are the biggest barrier to investment in wind power, said Morrison.
“It has a high capital cost and it has a low output compared to other options.”
Wind projects could not access federal stimulus funding, as the Mayo B hydro project did, because the corporation had no wind projects ready to go at the time the money was available, said Morrison.
“In the Sumanik wind study in 2009, it said we had to do some more work; we had to get some more information. We went out and we got that information. We updated that study. The costs and the issues that were present as a result of that update and the completion of that study moved us or pushed us to move our thoughts to the Ferry Hill project.”