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Boralex to be acquired by Brookfield, La Caisse in $9B deal

1 week ago

Boralex to be acquired by Brookfield, La Caisse in $9B deal

Quebec-based renewable energy company Boralex Inc. (BLX-T) has entered into a deal to be acquired for $9 billion, including debt, by Brookfield Asset Management Ltd. and La Caisse.

B.C. mass timber tower pushes clean building boundaries 

A 17-storey mass timber-Passive House tower under construction in downtown Vancouver will help push forward clean, tall timber construction techniques, the company building the mixed-use structure at 981 Davie St. says.

TD Bank issues $1.5B green bond

TD Bank Group (TD-T) has issued a $1.5-billion green bond, its sixth sustainable-labelled bond, taking the bank’s cumulative sustainable bond issuance to more than $5 billion since 2014.

OPG sold U.S. renewable subsidiary at $477M loss

Ontario Power Generation (OPG) sold Eagle Creek Renewable Energy last year for less than what it paid, taking a $477-million Q4 loss on the sale, according to the provincial generating utility’s annual report released earlier this month.

Calgary cleantech centre gets $4.25M boost from feds

A group of University of Calgary researchers looking to make clean energy technology more efficient and affordable has received $4.25 million from the Canada Foundation for Innovation. The funding will support the recently-formed Centre for Far-From-Equilibrium Nanostructured Cleantech Materials.

PowerBank advances N.Y. solar, battery project

Toronto-based PowerBank Corporation (SUUN-Q) says its solar and battery project in Buffalo has now secured all discretionary municipal approvals to enable the project to move forward. Once completed, it will be operated as a community solar project.

NEXE partner plans transition to compostable pods

Windsor-based NEXE Innovations Inc. (NEXE-X) said a commercial partner has initiated steps toward a transition of significant portion of its single-serve coffee pod volumes from plastic to NEXE’s BPI-certified compostable platform.

First Nations, landowners want review of Pathways project

A coalition of Indigenous leaders, farmers and rural Albertans is demanding there be a federal environmental review of Pathways, a planned carbon capture and storage facility and carbon dioxide pipeline in the oilsands region.

Hydro-Québec shows interest in N.S. offshore wind

Hydro-Québec has announced that it’s issuing a request for information to gauge the state of play around would-be developments off the Atlantic province’s coast, and the viability of transmission from there to Quebec.

P.E.I. government puts out expression of interest for a BESS

P.E.I. Premier Rob Lantz announced Monday that the provincial government has put out an expression of interest for a battery energy storage system (BESS). The province's request indicates it is looking for 10 to 50 megawatts of energy storage.

Heat pump owners overwhelmingly satisfied: survey

A survey of heat pump owners across Canada finds that an overwhelming majority are satisfied with their decision to install a heat pump. Among nearly 3,800 respondents, 91 per cent said they would recommend one to a friend or neighbour.

Some U.S. buyers envy Canada availability of Chinese EVs

As the average price of a new car in the U.S. approaches US$50,000, more of the car-buying public is open to buying cheaper Chinese electric vehicles (EVs), despite resistance from the industry ​and both major U.S. political parties.

Wave of ESG fund closures builds in U.S.

The market for ESG-focused funds keeps shrinking. Ninety-one U.S.-based funds shut down last year, compared with the launch of just nine new offerings, according to data compiled by Morningstar Inc.

XPrize to drive innovation for next-gen geothermal plants

XPrize will run a global competition to incentivize researchers and companies to design power plant systems that not only require less time and money to produce, but also can be more readily installed across a wider range of geothermal projects.

Startup aims to install peel-and-stick solar panels everywhere

Active Surfaces, a startup based on solar-energy technologies rooted in MIT research, is well on its way to developing what its co-founder calls “solar 2.0.” Instead of silicon its solar cells are made of a highly efficient material called perovskite.

Aircapture, Almanac debut beer made with captured CO2

A collaboration between Aircapture and Almanac Beer Co. is bringing direct air capture into an unexpected setting: the brewery. The partners have launched what they describe as the first commercial beer carbonated using carbon dioxide (CO2) pulled from the atmosphere.

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