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Timberland Holdings

Business Challenge

Create stable cash flow from woodlands ownership in a market with unpredictable demand and volatile stumpage rates.

The Energy Issue

Assess the ability to diversify revenue via energy opportunities.


Minas Energy identified and evaluated a number of opportunities and recommended that a wind farm be developed on company land.

Action Plan

Timberland Holdings' core competency is woodlands management, not in energy, so the focus was developing the wind farm without distraction to the business. Minas Energy successfully managed all preliminary development aspects including wind data acquisition and evaluation, environmental permitting and community engagement, and then assembled a partnership structure for project ownership. In order to fully benefit our client, Minas Energy assumed an ownership position in the South Canoe Wind Project, and subsequently played key roles as the partnership secured 102MW worth of power purchase agreements, received permits and negotiated contracts with equipment and service providers.


Cash flow from woodlands ownership will jump 5-fold, and will be diversified across two sectors by hosting Nova Scotia's largest wind farm.

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