Beothuk Energy says it is ready to spend $1 billion to create new wind farm industry

In his speech, Mercer told Rotarians that his company and its key investor, Copenhagen Offshore Partners, have now secured $1 billion in private funding to spend on the megaproject to harness wind power. The plan would include a fabrication plant at the port of Corner Brook, along with facilities to maintain and service the wind farm in the St. George’s Bay area based out of Stephenville.

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