General Electric Co (GE) has said that it expects industry-wide sales of land-based wind turbines to amount to US$130bn in the next two years.
According to Victor Abate, who is in charge of the company’s renewable energy unit, the growth is expected to be concentrated in Canada and Latin America, with CAGRs of 40 and …
Canadian uranium producer Cameco Corporation reported record net earning of CAD1.1bn for 2009, more than doubling the previous year’s figure of CAD450m. Fourth quarter earnings rose from CAD31m to CAD598m (U4567m) YoY.
The company attributed the significant higher results mainly to the sale of its interest in Centerra Gold Inc and recording an after-tax gain of …
Ontario Power Generation (OPG) has a task that few power utilities would relish. The provincial government has regulated that it must cease using coal completely by 2014, a tall order given that it has a generating capacity of 21GW, featuring 11 coal-fired units at four power stations.
The utility is currently on track to switch its …
During the past couple of years, dramatic shifts have taken place in the world’s 157.9MW wind energy sector. In 2008, the geographical point of gravity moved from Europe to the USA and Asia, where demand for this renewable form of energy picked up. Nevertheless, wind power remains firmly at the centre of Europe’s renewable energy …
Cameco announced that it has pumped out its flooded Cigar Lake uranium mine and should have the project fully secure by October. In a statement, Cameco said it has secured the workings down to the 420m level and has now accessed the main working level at a depth of 480m. Once the mine is fully …
Hydro-Quebec said it will pay CAD3.2bn to buy most of debt-laden New Brunswick Power’s generating facilities in an agreement that excludes the latter’s transmission and distribution assets.
First announced in October and followed by public criticism, the new acquisition price is scaled back from CAD4.75bn. Hydro-Quebec will purchase the bulk of NB Power’s generating assets for …
The burgeoning construction of nuclear newbuild in Asia and the concerns over fuel security to power these plants is to increase international merger and acquisition activity to ensure supplies of uranium, according to a Nomura International report.
“The key feature of worldwide uranium resource distribution is that a couple of countries own most of the …
Cameco Corporation says it expects to have enough water pumped out of its flooded Cigar Lake uranium mine to resume development by April. CFO Kim Goheen said most of the water has been pumped out with the level down to 475-480m and the refurbishment of the main shaft three-quarters complete.
“De-watering, and work to secure …
South Korea’s Samsung C&T and the state-run Korea Electric Power Corp are looking to invest US$6bn in a renewable power project in Ontario, Canada. The proposed wind and solar clusters are expected to generate around 2.5GW of power by 2016, enough to meet around four per cent of the province’s electricity demand. According to Samsung, …
Canada’s natural wealth above ground is legendary. However, underground lie vast resources that arguably are less breath-taking, yet their expansion plays a vital role in the nation’s economy.
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