An Ontario court has struck down a $2.25 billion damage claim brought by a company unhappy with the Ontario government’s decision to halt off-shore wind farms.
The company says it will appeal the ruling.
Trillium Wind Power Corp. had launched the action after the province placed a moratorium on offshore wind developments in the run-up to last year’s Ontario election.
Trillium had plans for four off-shore wind farms at the time.
Trillium said that one of the farms, a big development in Lake Ontario off Kingston was hours from finalizing a $26 million financing agreement when the moratorium was declared. The deal fell apart
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