UGE secures $15 contract to install 9 MW in Ontario
The Canadian developer will build 15 ground-mounted solar plants in Peterborough. The projects are owned by the local utility and the town’s government.
UGE completes acquisition of Carmanah Solar, secures contract for 17 MW solar facility in Alberta
The Canadian renewable energy company has taken full control of the joint venture that acquired the solar unit of Carmanah Technologies Inc. in April. Furthermore, the company has secured a contract to build a 17 MW ground-mounted solar plant near Calgary.
Ontario improves rules for net metering
Under the new rules, which will come into force on July 1, the size limit of 500 kW for power generators installed under the scheme will be removed.
Canada: Newfoundland and Labrador launches net metering
Renewable energy power generators installed under the scheme will sell power surplus to local utilities Labrador Hydro and Newfoundland Power starting from July 2017.
Sky Solar posts $3 million net profit in 2016
Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.
China key to growth of green bond market in 2016
Global issuance soared 60% year on year to $113 billion in 2016, with Chinese and Indian banks playing a critical role in driving growth by issuing debt securities to back the development of PV projects and other climate-related initiatives, Fitch Ratings said in a recent report. The total value of outstanding green bonds had reached $280 billion by the end of March 2017.
Kontrol Energy Corp to purchase 20 MW of solar power assets
The Canadian provider of energy efficiency and technology solutions has signed a letter of intent to acquire a number of solar power generation sites across Ontario.
Canada’s Potentia Renewables secures $78 million financing from La Caisse
Quebec’s investment fund has agreed to provide Ontario-based rooftop solar specialist with CA$ 107 million ($78.0 million) in debt financing.
Fiera Corporation buys shares in up to 921 MW-AC of U.S. wind, solar
The Canadian asset management firm has bought into a D.E. Shaw portfolio of assets in eight U.S. states.
Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
