“Starting in 2010, Nova Scotia taxpayers pumped $56 million into the operation via provincial loans and grants before the government called a $32-million loan in February 2016, pushing the manufacturing plant into receivership.”
Time and money running out on sale of idle wind turbine plant
DSME Trenton plant placed into receivership in 2016 after the province called a $32M loan
By Paul Withers, CBC News Posted: Feb 15, 2018
After two years and no takers, Nova Scotia is poised to end its efforts to sell an idle wind turbine manufacturing plant in Pictou County, bringing to a close another failed government-backed industrial enterprise.
“At $150,000 per month to keep the operation at status quo, we want this to happen, we want to find a viable operator. But the clock is ticking,” Business Minister Geoff MacLellan said Thursday, after touring the mothballed DSME Trenton plant.
That money goes toward keeping the facility in a sellable state.