Stocks were up nearly 2% in mid-afternoon trading for TransCanada Corporation after the company announced its entrance into the the solar photovoltaic (PV) generation market.
Mesa Power Group, a private Texas-based wind developer, has initiated the process of taking legal action against the Province of Ontario for its feed-in tariff program's failure to comply to the North American Free Trade Agreement (NAFTA).
If you've driven through Southern Ontario at all in the past few years, you're bound to have see them. The lazy turns of wind turbines contributing to provincial energy demands are a common sight, and according to a new report they're set to make a landmark contribution to the economy.
Fortis Inc. (TSE: FTS.TO), the largest investor-owned distribution utility in Canada, said Monday it was acquiring Central Vermont Public Service Corp. (NYSE: CV), the largest electricity utility in Vermont, for approximately $700 million. Fortis also announced a Canadian common share offering of C$300.3 million (May 31 exchange rate U.S.$1.00 = C$0.97) that would also raise an additional C$45 million if the underwriters’ over-allotment option is exercised in full.
Innovative nuclear technology company General Fusion has raised C$19.5 million in a series "B" financing round.
BC Hydro, the British Columbia (B.C.) government-owned power utility, said Tuesday it had signed an agreement with the Tahitan First Nation on benefits and impacts to the aboriginal nation of the 215-mile 287-kilovolt northwest transmission line (NTL). Tahitans voted 82% in April in favor of a benefits and shared-decision agreement with the Government of B.C. over the passage of the NTL through their tribal lands.
Investment in power transmission infrastructure will range from $12 to $16 billion per year in the U.S. from now through 2030 and C$45 million cumulatively in Canada through 2030, according to an estimate released May 11 by consulting firm The Brattle Group.