New data from Mercom Capital Group llc illustrates the challenge the solar sector experienced in 2016. Total corporate funding, which includes venture capital, private equity, debit financing and public offerings, came in at US$9.1 billion compared to US$25.3 billion in 2015.
The Alberta government is making it easier for businesses to tap into the power of the wind and sun. Under its revised micro-generation rules, the province is increasing the maximum size of projects from 1 MW to 5 MW and allowing outfits such as farms and university campuses to have multiple smaller deployments as part of a single installation.
ONEnergy Inc. and OZZ Electric are combining business operations in a reverse takeover. Under terms of a letter of intent, ONEnergy will acquire all of OZZ’s common shares in exchange for shares in a company that results from the merger.
Green energy and clean innovation have gained considerable momentum in recent years, and in many respects 2016 was a breakout year for Canada. The conversation around climate changed with the Liberals being amenable to taking action. Across the country (not everywhere but in most places), deployment of renewable energy continued, spurred mostly by provincial policy. The federal government also put some money behind initiatives to reduce emissions and stimulate investment in the clean energy economy.
But the Canadian clean technology landscape wasn't without its challenges.
Consensus on climate policy is still lacking. There is really only one holdout - Saskatchewan Premier Brad Wall refused to sign on the Pan-Canadian Framework on Clean Growth and Climate Change, mostly for ideological reasons. And of course, there were pipeline approvals that according to many run counter to the federal government's climate agenda.
Despite the difficulties on broader climate policy, there were technology and application developments that showed how innovation can help lead the country on cleaner and more energy efficient path. Canadian Green Tech reported on many of these developments and the companies selling these technologies.
Below are several of those articles, ranked in order of number of views.
Benefits of renewables+energy storage on the grid and in apartment buildings
Large scale renewable energy in Ontario took a big hit this week when the province announced the suspension of its Large Renewable Procurement (LRP) Program. But the case for smaller systems particularly when they are combined with energy storage still makes a lot of sense.
PowerStream and KEPCO have the MiDAS touch
Penetanguishene, a small community about 160 kms north of Toronto, now has its own large-scale microgird. The system, built by PowerStream Inc. and Korea Electric Power Corp. (KEPCO) can provide up to several hours of backup power to 400 residents and business owners in the town.
Provinces have to do their part to reduce emissions in Canada
On October 2, Canada’s Prime Minister Justin Trudeau took a firm stand on climate change. His government will put a price on carbon emissions starting in 2018. The initial price will be $10 per tonne and will rise to $50 by 2022. It will apply to provinces that don’t meet this minimum threshold. Some provinces didn’t take it so well.
New net metering rules in Ontario to come into force by July 1, 2017
The end of Ontario’s FIT Program appears to be in sight. The provincial government is proposing changes to current net metering rules that make the self-consumption program more palatable to home and business owners, while also facilitating the deployment of energy storage.
A consortium of academic, industry and non-profit organizations have outlined a research program designed to accelerate fusion energy research and development in Canada. They say fusion energy must be a national priority.