The Canadian federal government has released program and eligibility details for its $1.5 billion ecoENERGY for Biofuels initiative. To meet incoming renewable fuel content requirements, the government estimates Canada will require approximately 3 billion litres of renewable fuels (i.e. ethanol) annually - a significant demand increase over Canada's current production of about 800 million litres per year. Producers of ethanol and other renewable gasoline alternatives will be eligible for incentives of up to 10 cents per litre of production, while biodiesel producers may receive up to 20 cents per litre during the first three years. The ecoENERGY for Biofuels initiative will be operated by Natural Resources Canada over a 9 year period.
- Husky has finished construction of its $200 million Minnedosa Ethanol Plant. The facility will produce 130 million litres of ethanol as well as 130,000 tonnes of a high protein feed supplement annually, and will require 350,000 tonnes of locally grown grain to fuel its operations. Husky implemented a state-of-the-art steam generation plant as part of the construction and received approximately $10 million from the Canadian federal government under its Ethanol Expansion Program.
- EPCOR has announced its intention to participate in Canada's first coal gasification plant, projected for the Dodds-Roundhill area, located near Ryley, Alberta. EPCOR has entered into an MOU with the Carbon Development Partnership (CDP), which has proposed a start-up date as early as 2013. CDP is a collaboration between Sherritt International Corporation, and the Ontario Teachers' Pension Plan founded with the goal of commercializing coal gasification technology that would use Alberta's sub-bituminous coals. The combined-cycle power plant, which will carry an estimated cost in excess of $1 billion, is expected to generate 380 MW and could sell excess production to the Alberta power market. Sherritt plans to produce 320 mmcf of synthetic gas at the plant which will be converted into up to 400 mmcf of hydrogen for use as a substitute for natural gas in the upgrading of oil sands bitumen.
- The $176-million Ripley Wind Energy Project joint-venture between Suncor Energy Products Inc. and Acciona Wind Energy Canada has produced first power and the partners hope to complete commissioning by the end of this year. The 76-megawatt facility, at Ripley, Ontario is operated by Acciona and features 38 two-megawatt turbines, two electrical substations and a 27-kilometre transmission line. The Ripley project is expected to meet the annual electricity needs of approx. 24,000 households and displace the equivalent of at least 66,000 tonnes of carbon dioxide.
- Innergex Power Income Fund has announced acquisition of 38% interests in the 109.5 MW Baie-des-Sables and 100.5 MW Anse-a-Valleau wind farms in Quebec for an aggregate price of approx., $173 million. The acquisitions will increase the Fund's interest in net installed capacity to 197 MW overall and increase anticipated net annual production by 37% to 835 gigawatt hours. The Baie-des-Sables project near Matane, Quebec is expected to produce 298.3 gigawatt hours annually and the Anse-a-Valleau wind farm in the Gaspe region is expected to produce 298 gigawatt hours per year.