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Algonquin's dividend is powering higher
The Globe and Mail
With investing, patience can be a virtue.
Case in point: Algonquin Power & Utilities Corp.
When I last profiled the company in November, 2013, the shares had plunged about 20 per cent from their peak and were trading at $6.72. Investors were nervous about the possibility of rising interest rates and were also rattled by a “sell” rating that an independent research firm had slapped on the company.
Why Ontarians are paying so much for electricity
Why are Ontarians paying so much for electricity? Ontario Auditor General Bonnie Lysyk said Tuesday the province’s residents will be stuck with a $50 billion bill between 2006 and 2015 because of an extra charge on their electricity bills that fills the gap between the market price of electricity and what the province promised to pay its producers.
Canada's first crowd-financed energy efficiency investment
CoPower, an online platform for clean energy investing, has closed its first investment: an
energy retrofit at Harbourfront Centre (HFC), an arts and culture non-profit in downtown
Toronto. This is the first energy efficiency retrofit investment in Canada to be completed
Investors using CoPower’s platform will receive competitive financial returns paid out of the
savings from Harbourfront Centre’s energy bills.
Solar power generation rates set to drop again in Ontario
Harvesting the sun’s power has become less profitable since Ontario’s solar program launched in 2009, but you can still make money. Barrie resident Brandi Betz installed an 8.7 KW solar panel system on the roof of her Allsop Crescent home in 2011. She will earn 80.2 cents per kilowatt-hour and the energy collected feeds back into Ontario’s power grid.
Ice boom returns to Lake Erie
Crews from the New York State Power Authority and Ontario Power Generation will begin to install the Ice Boom Monday. Buffalo District Chief of Water Management Keith Koralewski says the ice boom has been a standard on Lake Erie over the winter since 1964. The purpose of the boom is to reduce the amount of ice entering the Niagara River and in turn reducing ice jams and damage to shorelines, while maintaining the water flow for hydropower production.
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Gull Bay First Nation gets apology from Ontario Power Generation
A member of the Gull Bay First Nation says she hopes an apology from Ontario Power Generation will help her community heal.
Liz Pope says OPG's predecessor showed disrespect for the First Nation when it damaged their land for power projects in the early 1900s.
At a ceremony in Thunder Bay, OPG apologized for the damage caused by several dams on the Nipigon River and by the Ogoki River Diversion.
Alberta expected to unveil updated climate change strategy by month's end
Edmonton Journal via Calgary Herald
Green energy industries and environmental advocates say the province must turn toward wind, solar and geothermal power as Alberta comes out with its new plan to reduce greenhouse gas emissions.
By the end of this month, the province is expected to unveil an updated climate change strategy. It has hinted at introducing an alternative and renewable energy framework, but hasn’t given away many details prior to its release.
Innovative projects and green milestones of 2014
Oil prices might be falling right now, but people around the world are looking at ways to conserve energy or produce it more cleanly. It’s led to some cool innovations and experiments this year. Here are some of 2014’s most interesting green projects and milestones:
A $48 billion opportunity for U.S. electric customers
A new report from Accenture highlighted a potential revenue loss for U.S. utilities of $48 billion per yearby 2025 due to distributed solar and energy efficiency. But where does that money go? If we pursue a democratic energy system as outlined in ILSR's new report (also released last week), it goes right into the pockets of utility customers.
Read on for an explanation of how we can achieve energy democracy out of the turmoil of today's electricity system.
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Russia's RDIF, India's IDFC partnering for $1 billion hydroelectric power investment deal
The Russian Direct Investment Fund will partner with India's Infrastructure Development Finance Company in a $1 billion hydroelectric project investment package.
An agreement signed during a visit by Vladimir Putin during the Russian president's visit to New Delhi will see both RDIF and IDFC commit $500 million for the initiative, which is aimed at helping India take advantage of its hydropower potential — particularly in the northern Himalayan region.
SunEdison to develop 350 megawatts of solar in Chile
SunEdison has announced that the National Energy Commission in Chile has awarded SunEdison a contract to supply 570 gigawatt hours of clean energy a year. To meet the demand, SunEdison will be investing more than $700 million to develop 350 megawatts of utility scale solar photovoltaic power plants throughout the country. The plants will be added to the call right list of TerraForm Power.
Coalition launches New York microgrid research project
GE says it has partnered with National Grid, the U.S. Department of Energy's (DOE) National Renewable Energy Laboratory (NREL), and Clarkson University on a microgrid research project in northern New York. The focus area will be the Village of Potsdam, near the Canadian border, which is prone to ice storms that could damage utility lines and other above-ground power infrastructure.
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APPrO Upcoming Events
OSEA's Annual Powering Prosperity Awards Dinner
Location: La Primavera Banquet Hall, Vaughan, ON
Dates: January 29, 2015
Purchase tickets online
For more details contact: Nicole Risse at 416-977-4441 ext. 3 or firstname.lastname@example.org
The 6th Annual Canadian Power Finance Conference
Location: The Ritz-Carlton, Toronto
Dates: January 29th & 30th 2015
APPrO members quote ‘APPRO20’ to save 20% on registration
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063