News Briefs
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News Briefs

  • Northland Power acquires DeBu offshore wind project +

    Northland Power has completed the acquisition of the Deutsche Bucht (DeBu) offshore wind project from Highland Group Holdings Ltd. The Read More
  • New shore power system operational in Montreal +

    The City of Montreal is now able to reduce greenhouse gas emissions from cruise ships docked at the Alexandra Pier Read More
  • BioAmber to take full control of Sarnia plant +

    BioAmber Inc. has inked an agreement to purchase Mitsui & Co Ltd.'s minority stake in its Sarnia joint venture. The Read More
  • OCGC names new chief executive +

    The board of directors at the Ontario Capital Growth Corp. (OCGC) has appointed Steve Romanyshyn as its new president and Read More
  • Boralex closes financing for France wind farm +

    Boralex Inc. has closed a $67.9 million financing for the 30 MW Chemin de Grès wind farm in France. The Read More
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The board of directors at the Ontario Capital Growth Corp. (OCGC) has appointed Steve Romanyshyn as its new president and CEO. He takes over the agency after being in the provincial public service.

 

Most recently, he served as the director responsible for the development of economic and innovation strategies at the Ministry of Economic Development and Growth (MEDG) and the Ministry of Research, Innovation and Science (MRIS). 

As part of its overall portfolio of fund-of-funds and direct investments, the OCGC is currently helping the province to deliver on its $55 million commitment to invest in one or more cleantech venture capital funds, so that high potential cleantech firms can access the capital they need to grow their business.

"To remain competitive in today's global economy, we need to help high-growth, innovative companies access the risk capital they need to succeed. The OCGC and its employees, including the new CEO, are an important component of Ontario's innovation ecosystem. Steve has been instrumental in building Ontario's innovation strategy and he will be an asset to the organization,” said Reza Moridi, minister of Research, Innovation and Science at the Ontario government.