ABB_id2059
in News Departments > New & Noteworthy
print the content item

As another global record was set in 2007 with the installation of 20,000 MW of wind power, Canada's total installed capacity grew to 1,846 MW with the addition of 386 MW of new wind energy projects, according to the Canadian Wind Energy Association (CanWEA).

Canada currently ranks as the world's 11th largest nation in terms of installed wind energy capacity. With an anticipated minimum installation of another 700 MW in 2008, representing well over $1.5 billion in investment, Canada is poised to set a new record for annual installed wind energy capacity. Sky Generation's 10 MW Ravenswood project is the first to be constructed under Ontario's Renewable Energy Standard Offer Program.

"Wind energy must be a key component of any Canadian strategy to address climate change, and Canada has still only scratched the surface of its massive wind energy potential," says Robert Hornung, president of CanWEA.

Provincial governments are currently seeking to put in place a minimum of 12,000 MW of installed wind energy capacity by 2016. This would meet 5% of Canada's total electricity demand in that year, according to CanWEA.


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim ‘All Of The Above’ On Energy; Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015