PEI sells wind-power bonds

Prince Edward Island’s government has raised $5-million for a wind-power project at the eastern tip of the province by issuing a novel series of “energy savings bonds” to the public.
The bonds, which pay a healthy 5-per-cent annual interest rate, have been a hot seller since they were first issued late last year to help pay the costs of the 10-turbine Eastern Kings wind farm, a government project that began pumping power into the provincial grid in January. PEI sells wind-power bonds

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