Tag: canada

<strong>Northland Power to sign agreements for Oneida storage project</strong>

Northland Power to sign agreements for Oneida storage project

February 14, 2023 |

Northland Power, a Canadian energy firm, has finalised an energy storage storage facility to deal with Canada’s Independent Electricity System Operator (IESO) for the Oneida energy storage project. Reportedly, the Oneida project is one of the biggest battery energy storage projects in the world and the largest in the country. Upon completion in 2025, it will raise the quantity of energy storage resources on Ontario’s clean electricity grid from roughly 225 MW to nearly 475 MW.

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<strong>Westbridge Renewable purchases solar and BESS project in Canada</strong>

Westbridge Renewable purchases solar and BESS project in Canada

February 3, 2023 |

Westbridge Renewable Energy, a Canadian energy corporation, has acquired the Red Willow Project, a 295 MWp solar photovoltaic (PV) and 100 MW/200 MWh battery energy storage system (BESS) in Canada. No financial details of the deal have been disclosed. Red Willow is presently in the second stage of the Alberta Electric System Operator (AESO) interconnection procedure and is situated in Stettler County #6 in central Alberta.

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<strong>Amazon procures record 8.3 GW of clean energy in 2022</strong>

Amazon procures record 8.3 GW of clean energy in 2022

February 2, 2023 |

Amazon has recently announced that in 2022 it grew its renewable energy capacity by 8.3 GW through 133 new projects in 11 countries. This brings Amazon’s total portfolio to more than 20 GW—that could generate the amount of energy to power 5.3 million U.S. homes—across 401 renewable energy projects in 22 countries. With these continued investments, reportedly, Amazon set a new corporate record for the most renewable energy announced by a single company in one year.

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<strong>Innergex to acquire 60 MW solar portfolio in Ontario, Canada</strong>

Innergex to acquire 60 MW solar portfolio in Ontario, Canada

January 24, 2023 |

Innergex Renewable Energy, a Canadian hydroelectric power firm, has agreed to buy Fengate Asset Management’s Sault Ste Marie solar portfolio. The Sault Ste Marie I, II, and III facilities are part of the 60 MW solar portfolio, which is situated in northwest Ontario.  It was sold for a consideration of C$50.2 million, along with the assumption of C$169.5 million of existing debt.

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Microsoft signs wind PPA with Potentia and Greengate in Canada

Microsoft signs wind PPA with Potentia and Greengate in Canada

November 9, 2022 |

Microsoft has partnered with Potentia and Greengate on the Paintearth Wind project in Canada under a power purchase agreement (PPA). Microsoft will purchase approximately 543 GWh of renewable energy per year from the wind facility in Alberta’s Paintearth County as part of the 15-year PPA. The project is scheduled to be completed in 2023.

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TransLink 2022 Investment Plan: Commitment to net-zero emissions

TransLink 2022 Investment Plan: Commitment to net-zero emissions

August 8, 2022 |

In May 2022, the Mayors’ Council on Regional Transportation and TransLink’s Board of Directors approved the agency’s 2022 Investment Plan, followed by a commitment by the Government of British Columbia of CAD2.4 billion to support transit investments. The 2022 Investment Plan will help advance the objectives of Transport 2050, Metro 2050, and Climate 2050.

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ABO Wind sells 514.6 MW Buffalo Plains wind project in Canada

ABO Wind sells 514.6 MW Buffalo Plains wind project in Canada

July 29, 2022 |

ABO Wind, a German renewable energy developer, has sold the Buffalo Plains Wind Farm project rights in Alberta, Canada, to an undisclosed investor. The 514.6 MW wind farm will be turned over to the investor once it is ready to be built. On a 17,500-acre plot of land, the Buffalo Plains Wind Farm will be constructed.

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Roadmap for ZEV Transition in Canada

Roadmap for ZEV Transition in Canada

June 22, 2022 |

Light-duty vehicles (LDV), including passenger cars and light trucks, are the largest source of transport GHG emissions in Canada, accounting for close to half of total transport emissions. In December 2021, Environment and Climate Change Canada (ECCC) launched consultations on how it should achieve Canada’s targets of at least 50% zero-emission LDV sales by 2030 and 100% by 2035. In March 2022, it announced plans to develop a sales mandate to require at least 20% electric vehicle (EV) sales by 2026 and 60% by 2030.

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Report on Canada’s Energy Future

Report on Canada’s Energy Future

June 7, 2022 | ,

In the long term, global and Canadian ambition to reduce greenhouse gas (GHG) emissions will be a critical factor in how energy systems evolve. EF2021 considers two main scenarios where energy supply and demand projections differ based on the level of future action to reduce GHG emissions. EF2021 also includes six additional scenarios that explore what Canada’s electricity system might look like in a net-zero world.

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Boralex partners with Energir and Hydro-Quebec to develop 1.2 GW of wind energy in Canada

Boralex partners with Energir and Hydro-Quebec to develop 1.2 GW of wind energy in Canada

April 21, 2022 |

Boralex, a renewable energy company, has partnered with Énergir and Hydro-Québec to develop three 400 MW wind projects in Seigneurie de Beaupré territory in Quebec, Canada. The proposed projects are Des Neiges Wind Farm – South, Des Neiges Wind Farm – Charlevoix, and Des Neiges Wind Farm – West, which will be located near the existing Seigneurie de Beaupré wind farms.

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Assessing charging infrastructure needs in Québec

Assessing charging infrastructure needs in Québec

February 24, 2022 | ,

This working paper by International Council on Clean Transportation assesses the electric vehicle charging infrastructure required in Québec province through 2035 and provides a specific focus on Montréal. The analysis focuses on light-duty vehicles including passenger cars, taxis, private-hire vehicles, and light commercial vehicles. The geographic scope covers 17 administrative regions and results are presented at the provincial and regional levels.

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Canada needs clear policy signals to help attract energy sector investments: IEA

Canada needs clear policy signals to help attract energy sector investments: IEA

January 21, 2022 |

Canada has made a series of international and domestic commitments, putting it on a path toward achieving an ambitious energy system transformation and climate transition. Most recently, Canada announced a target to cut greenhouse gas (GHG) emissions by 40-45% from 2005 levels by 2030 and legislated a commitment to reaching net zero emissions by 2050. As such, Canada needs clear policy signals to help attract energy sector investments that align supply capacity with demand trends.

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The Role of CCUS in Accelerating Canada’s Transition to Net-Zero

The Role of CCUS in Accelerating Canada’s Transition to Net-Zero

September 27, 2021 | ,

Canada has been an enthusiastic developer and implementer of carbon capture, utilization and storage (CCUS) technologies, currently accounting for nearly 20 per cent of installed CCUS capacity globally. This paper by Nnaziri Ihejirika, Research Associate, The Oxford Institute for Energy Studies explores the recent developments in the CCUS space in Canada, the major opportunities and outlook.

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Brookfield business to acquire PV distributor in Brazil

Brookfield business to acquire PV distributor in Brazil

August 9, 2021 |

Brookfield Business Partners, a subsidiary of Brookfield Asset Management in Canada, has agreed to buy Aldo, Brazil’s leading PV product distributor, and system integrator. The transaction should be completed by the end of August. Brookfield Business Partners announced the acquisition of Aldo in a quarterly financial report, saying it will fund around $115 million of the $320 million equity investment for a 35 percent ownership stake, with the remainder coming from institutional investors.

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OMERS to acquire 19.4 per cent stake in Azure Power

OMERS to acquire 19.4 per cent stake in Azure Power

August 3, 2021 |

Canadian developer, OMERS Infrastructure has executed a stock purchase agreement with International Finance Corporation (IFC) and IFC GIF Investment Company to buy a 19.4 percent share in Azure Power Global Limited for a total price of approximately $219 million. The agreement to invest in Azure Power reflects OMERS’ significant worldwide interest in high-quality renewable energy and energy transition assets, as well as their interest in India as an investment destination and Asia-Pacific in general.

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Canadian Solar secures $100m to fund solar projects in Brazil

Canadian Solar secures $100m to fund solar projects in Brazil

July 28, 2021 |

Canadian Solar has announced that it has received $100 million in financing from two Brazilian banks to help it develop and build solar projects in Brazil. The financing arrangement with banks BTG Pactual and Itau BBA would support up to 70 per cent of Canadian Solar’s equity commitments in its Brazilian project portfolio.

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CIP appoints Exus for 700 MW solar project in Canada

CIP appoints Exus for 700 MW solar project in Canada

July 8, 2021 |

Copenhagen Infrastructure Partners (CIP) has selected Exus Management Partners (Exus) to provide of asset management services for the 700 MW Travers Solar Project. The long-term contract will last until the building phase is completed and the project is expected to be completed by the end of 2022.

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Amazon to procure power from a 375 MW solar farm in Alberta

Amazon to procure power from a 375 MW solar farm in Alberta

June 25, 2021 |

Amazon has unveiled 14 new renewable energy projects in North America and Europe, including Canada’s largest solar power facility. The facility will be located in Alberta. and is anticipated to begin operations next year. This would be Amazon’s second renewable project in Canada, bringing total generation through both facilities to 1 million MWh per year.

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Quebec’s first solar plants go online

Quebec’s first solar plants go online

June 23, 2021 |

Hydro-Quebec, a Canadian electricity utility, has announced the completion of two solar parks with a total capacity of 10 MW. The two facilities, which are Quebec’s first operating PV plants, have been under construction since the summer of 2019.

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