Canada Preparing for $350 Billion Infrastructure Boom - Dec. 04, 2013
Representatives of the Ontario Clean Technology Alliance are attending Pollutec Horizons 2013 in Paris to invite clean technology investments from around the world and share the news of an $80 million order Swiss-based ABB Ltd. and Ontario consortium partner Bondfield Construction won from Canadian Solar Solutions to supply a 100-megawatt turnkey photovoltaic solar project for the Grand Renewable Energy Park in Ontario. This project is part of a $5 billion investment by Samsung Renewable Energy Inc. and partners to create a green energy cluster of wind and solar power sources with enough capacity to generate 1,369 MW of renewable energy, starting with a 100 MW photovoltaic power plant and a 150 MW wind farm. Canadian Solar Solutions is the engineering, procurement, and construction contractor for the plant.
"We are delighted to work with Canadian Solar Solutions on the country's largest solar PV plant and to support Samsung's visionary renewable energy initiative. Our range of solar product and system offerings, combined with an extensive track record in efficiently executing optimized, utility-scale PV plants around the world, will enable us to deliver a best-in-class solution to our customer,"said ABB CEO Ulrich Spiesshofer recently.
"Canada and Ontario, its most populous province, is enjoying an infrastructure supercycle," said Robert Nolan, investment attraction manager for the Regional Municipality of Durham. "The Canadian Manufacturers & Exporters estimates that private energy and other public infrastructure projects over the next five years will be valued at a minimum of $350 billion. To build out these ambitious projects, Ontario needs help from clean technology product and services firms from around the world," he added.
Nolan said the Province of Ontario's Green Energy Act of 2009 helped to ignite fast growth in the production of clean and renewable energy. Since 2009, the act has spawned more than 20,000 jobs and is on track to create a total of 50,000; it also has sparked an estimated $27 billion in private-sector investment.
Other recent clean technology investments action in Ontario include these projects:
Source: http://eponline.com
Dec.04, 2013