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Cabot Trail, Cape Breton
Cape Breton Explorations Ltd. (CBEX) – is a private, renewable energy development company operating in Atlantic Canada. The founders of the company have a track record of developing wind projects and have developed a 17.3 MW Enercon wind farm located in Glace Bay, Nova Scotia. All future renewable energy projects developed by this team will be developed as CBEX projects.
CBEX develops renewable energy projects with a focus on the Atlantic Canada region. This region is rich in natural resources which are ideal for wind, wave, hydro, and biomass development. It is also in close proximity to the New England market in the United States which is home to 14 million people who import 90% of their energy requirements from their neighbors, including Canada. Atlantic Canada has a natural gas pipeline connecting to Boston, and electric transmission facilities which connect hydro, nuclear, gas, oil and wind energy into the New England area. Atlantic Canada is home to Canada’s largest oil refinery and has an LNG terminal under construction, both of which service New England.
The CBEX business model is to develop Renewable Energy Projects that are sustainable and economically feasible. CBEX is currently developing several projects including a 50 MW wind farm in Cape Breton under Cape Breton Hydro Ltd., which is a subsidiary of CBEX.