It looks like Thunder Bay Hydro has finally gotten its feet wet in the fight against climate change.
The public utility company opened its Mapleward Renewable Generating Station on Tuesday, a facility that cost some $9.6 million to build. The station will be responsible for removing over 263 million cubic feet of methane gas from the surrounding environment, turning it into clean energy that’s enough to power 3000 homes in the City of Thunder Bay each year,
According to Thunder Bay Hydro President Rob Mace, the development effectively allows the city to hit two birds with one stone. On one hand, the project is socially responsible; on the other, it’s also an attractive venture for other potential investors.
Most of all, the facility is another revenue generating project for its shareholder, Thunder Bay. While estimates of the investment have been conservative, experts project that the facility could net the city over $15 million in the course of 20 years.
The 20-year contract has the potential of being extended at that point, seeing as how the facility is designed to run for up to 4 decades.
Right now though, the City of Thunder Bay can enjoy having a new source of clean energy.