Englehart, Northeastern Ontario (Timiskaming District, south of Kirkland Lake)
This 148-acre private property on the Larder River near Englehart Ontario offers a rare chance to purchase a spectacular building site and the development rights for a run-of-river (no dam) hydro project with a 40-year government contract to supply grid power at a fixed price. Projected contract revenue of $70 million.
The site can also serve as an off-grid eco-retreat or green tourism venture, since it has a Provincial waterway Park a few kilometers upstream, several kilometers of pristine river and rapids downstream, and is surrounded by Crown land. Or it could power a licenced cannabis growing operation, commercial greenhouse, etc.
Selling property, related company and development rights for $400,000 due to health reasons.
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Ontario Ministry of Energy - FIT and MicroFIT Programs
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EcoProperty ID: 44827 Date posted to EcoProperty.ca: Mar 26 2018