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  • OSEA: Samsung and Pattern Development Sign Power Purchase Agreement for North Kent Wind Project in Ontario
    Development We look forward to continuing to work with the community on advancing this great project and helping Ontario reach its clean energy goals North Kent Wind is the sixth wind project of our 5 billion Green Energy Investment agreement here in Ontario Samsung is proud to be a part of the Chatham Kent community and excited about our equity partnership with the Municipality that will create local jobs said Steve Cho Vice President of Samsung C T Corporation Samsung is dedicated to delivering meaningful benefits to communities where we are building clean renewable energy projects The North Kent Wind project will employ approximately 200 skilled workers on site at the peak of construction activity and create approximately 10 permanent jobs once operational Construction of the project is expected to begin by the end of 2016 and it is expected to reach completion at the end of 2017 Local contractors will be utilized during construction and operations including Entegrus Inc which will obtain maintenance contracts for the life of the project Samsung and Pattern Development as part of their commitment to make a positive impact in project area communities will provide 4 million to the Municipality of Chatham Kent as a community benefit contribution to be used at the sole discretion of Municipal Council In addition the project will generate approximately 5 million in tax revenue over 20 years The Municipality also has the option to purchase a 15 equity interest in the project which will provide recurring incremental revenue to the municipality to fund priority projects in the municipality Upon completion the North Kent Wind project is expected to generate clean energy to meet the electricity needs of approximately 35 000 Ontario homes annually based on average annual residential energy use in Ontario About Samsung Renewable Energy Inc Samsung

    Original URL path: http://ontario-sea.org/Page.asp?PageID=122&ContentID=4905&SiteNodeID=271 (2016-02-18)
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  • OSEA: Centerbridge completes acquisition of wind turbine manufacturer Senvion
    manufacturer Senvion Hamburg London The wind turbine manufacturer Senvion SE Senvion previously part of the Indian group Suzlon Energy Limited Suzlon has changed owners Centerbridge Partners L P Centerbridge through its Centerbridge Capital Partners private equity investing strategy has successfully completed the acquisition of Hamburg based Senvion All the necessary administrative legal and financial preparations for the transfer of ownership are now completed The relevant antitrust authorities have approved the transaction Andreas Nauen CEO of Senvion said We are very excited to welcome Centerbridge as our strong new partner Together we will take even greater advantage of our potential in the wind energy market With its leading product portfolio market position and by leveraging Centerbridge s strong network Senvion is now very well placed to benefit from the continued shift towards renewable energy and to continue our course of profitable growth We will continue to expand our onshore market share both in our top five markets of Germany the UK Australia Canada and France and in other target markets and will also cement our strong position in the offshore market Stefan Kowski Managing Director at Centerbridge said Senvion is a highly innovative company with outstanding technology a leading market position and an experienced committed workforce and strong prospects By working closely with the management we want to help to further accelerate the company s growth plans by investing in product development service excellence and expansion in new markets Facts on the acquisition Senvion will remain headquartered in Hamburg Germany Following the completion the Supervisory Board members mandated by the old owner have stepped down from their positions The new Supervisory Board consists of four shareholder representatives Stefan Kowski Steven M Silver Todd Morgan and Martin Skiba and two present employee representatives Bernhard Band and Thomas Rex Senvion put in place

    Original URL path: http://ontario-sea.org/Page.asp?PageID=122&ContentID=4896&SiteNodeID=271 (2016-02-18)
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  • OSEA: Oxford Community Energy Co-op achieves full fundraising target
    49 ownership in the Gunn s Hill Wind Farm project has now been achieved Our membership has shown real confidence in the Oxford Community Energy Co operative and also in the recent project approval announcement made by the Ministry of Environment and Climate Change The Co op s membership have now committed the 8 9 million in investments required to move this renewable energy project forward says Helmut Schneider President of the Oxford Community Energy Co operative Achieving the required funding for 49 ownership maximizes the return on investment to OCEC and its investors 30 of the funds raised belong to Oxford County residents and we are pleased with this strong show of support The Oxford Community Energy Co operative represents a new and growing investment model for renewable energy projects that will return profits generated back to the membership boosting the positive impact to the local community We are eager to get the Gunn s Hill Wind Farm built and operating as soon as possible says Schneider The Wind Farm will contribute 500 000 over twenty years to fund needed local community projects The sooner the turbines are operating the sooner we will be investing the yearly 25 000

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  • OSEA: Members of the Ontario Sustainable Energy Association applaud the Wynne government for taking action to curb pollution
    and incentivizing others to follow in their footsteps Cap and Trade is one of the tools governments have at their disposal to place a price on carbon to reduce emissions It is important to recognize that every tool is only as good as the way it is being utilized So far the Ontario government has not released any details on how the Ontario cap and trade system will function or how it is going to be structured and this will be a critical question in the weeks and months to come Nicole Risse continues To ensure that the Ontario cap and trade system is successful it will be important that the desired outcomes are clearly defined that mechanisms are put in place to measure the outcomes and that ambitious reduction targets are set Moreover it will be important that the system is transparent and feasible and that the implementation and oversight of the market is cost effective so that the majority of the revenues generated can indeed be invested in sustainable initiatives such as public transportation renewable energy projects energy efficiency and conservation With its diverse membership representing all facets of sustainable energy technologies OSEA is well positioned to provide valuable input and expertise to the public and private sectors when they are looking for ways to cut their emissions Paul Frith of Geosource Energy Inc an Ontario geothermal drilling company explained We are excited about the opportunities that will arise from this important step Our goal has been to make geothermal energy available and affordable for all potential business owners We look forward to working with the Ontario Government and businesses who are looking at Geothermal as a solution to reduce their carbon emissions Jan Buijk of EPS AB Energy Canada Ltd a leader in cogeneration systems adds Combined

    Original URL path: http://ontario-sea.org/Page.asp?PageID=122&ContentID=4870&SiteNodeID=271 (2016-02-18)
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  • OSEA: Gunn’s Hill Wind Farm Receives Environmental Approval
    Community Energy Co op to manage this important project We are confident that we are offering a long term sustainable project for our community Investment opportunities in community owned projects that have significant environmental and economic benefits are rare and are sought after by investors Juan Anderson Vice President of Prowind Canada adds We are pleased to be advancing a project that is supported by a large number of local investors that will use made in Ontario equipment that will give 500 000 over twenty years back to the community for local projects and that will power the equivalent of over 6000 homes with renewable energy Alan Dale Vice President of OCEC states The Oxford Community Energy Co operative offers Renewable Energy investment opportunities in a local project whose costs are known where revenues are predictable for twenty years and whose rates of return continue to be some of the highest available in Ontario OCEC is able to own up to 49 of the project and is making its final call for investment Ten year bonds are offered at 5 5 twenty year preferred shares projected at 10 return are also available Interested members of the public are encouraged to visit www oxford cec ca and register for our April 16 2015 investor information session to be held at the Woodstock Museum 466 Dundas St Woodstock ON Construction may begin as early as July 2015 The project is expected to create over 200 jobs during the construction phase and source significant amounts of construction material from local suppliers About OCEC Oxford Community Energy Co operative Inc is a renewable energy co op based in Oxford County with its office in Woodstock Ontario The OCEC was specifically developed to invite the local community to own up to 49 of the Gunn

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  • OSEA: Putting Conservation First Means Big Savings For Ontarians
    end of life generators reduce emissions and save money We are squandering a tremendously valuable resource by not looking at distributed CHP as a replacement option for our power and heating needs Imagine if every household in Ontario could save 1 700 a year on energy bills by reducing waste energy in the province With 4 9 million households in Ontario and more than 8 4 billion in heat being wasted from our near end of life centralized nuclear power plants alone never mind our gas plants imagine the savings for the province If conservation is first make sure our focus is right While the Ontario Ministry of Energy places great emphasis on energy conservation measures the energy use shares for Ontario buildings suggest that emphasis be placed on the thermal needs of buildings rather than lower consumption activities such as lighting or refrigeration By understanding who uses energy and what it s used for we should be better positioned to develop energy conservation programs that maximize their impact We are squandering a tremendously valuable resource by not looking at distributed CHP as a replacement option for our power and heating needs An analysis of heat energy sources indicates 78 percent of the heating needs of Ontario buildings are met by natural gas with electric heating comprising only 9 percent of the market The fact that such a significant proportion of Ontario s energy consumption is already in the form of natural gas presents an opportunity to improve the energy efficiency of Ontario s electricity generating sector through a wide spread deployment of small and micro distributed CHP systems rather than continued reliance on inefficient thermo power plants Combined heat and power puts conservation first Upon examination it becomes apparent that building heat in Ontario s commercial and residential building

    Original URL path: http://ontario-sea.org/Page.asp?PageID=122&ContentID=4832&SiteNodeID=271 (2016-02-18)
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  • OSEA: Solarize Energy Announces Financing Vehicle For Small and Medium-sized Portfolios of FIT Projects
    accommodate portfolios as small as single projects Our long term vision is to be a significant player in a robust and dynamic solar industry in Ontario said Carlos Leite Co Founder and Managing Director of Solarize Energy With this financing facility we can now deliver a turnkey solution that is truly end to end Craig Walker Sales Manager at Solarize Energy emphasized that Solarize Energy is now able to bring construction stage and long term debt financing as part of its aggregation facility specifically designed to meet all the requirements of the FIT2 and FIT3 contracts Paul Leikermoser Business Development Director at Solarize Energy added that This financing facility represents an invaluable option for developers landlords as well as EPC companies who want to ensure that their projects reach commercial operation These projects are possible under the government of Ontario s FIT Program with its focus on the development of distributed clean power By replacing fossil fuels the clean energy generated by these solar photovoltaic systems will also contribute significantly to efforts to fight climate change The Solarize value proposition for project developers and owners includes design and engineering construction and commissioning project and contract management as well as operations and maintenance once the projects reach commercial operation To learn more about how interested FIT contract holders and EPC companies can take advantage of Solarize s development expertise and financing facility contact our Sales Department at 519 304 7012 office or 416 575 7012 cell for a free no obligation consultation or visit Solarize Energy online at www solarizeenergy ca About Solarize Energy L P Solarize Energy L P based in Brantford has been established to develop construct finance and manage distributed solar energy assets The management group has a long history in the solar sector and in project management

    Original URL path: http://ontario-sea.org/Page.asp?PageID=122&ContentID=4829&SiteNodeID=271 (2016-02-18)
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  • OSEA: Director Operations and Finance, Nicole Risse, to continue at the helm of OSEA
    that he will be stepping down to start his own consulting business The past eight years at OSEA have been incredible and I am so thankful to have had the opportunity to serve the OSEA membership Kristopher explains I am looking forward to this new chapter in my career and continuing as an active OSEA member in the years ahead Joe Mulhall on behalf of the Board of Directors stated The Board made the decision more than a year ago to create the new position of Director of Operations and Finance and to divide the responsibilities for the management of OSEA into two separate positions reporting directly to the Board The Board was pleased that Nicole Risse agreed to take on that new role and her performance in the last year has proven that she was a good choice We are confident in her ability to manage the business of OSEA Kristopher leaving will not affect the day to day operations at OSEA Nicole Risse has been a core member of OSEA for more than six years having served as Business Development and Outreach Manager and currently as Director of Finance and Operations She is a specialist in sustainable energy stakeholder engagement and grassroots logistics having managed campaigns in Europe Asia and North America Nicole was instrumental in coordinating the successful Green Energy Act campaign the now national Green Energy Doors Open sustainable energy showcase the association s Powering Prosperity Awards the monthly Energy Drinks networking event the OSEA 20 20 Roadmap webinar series and numerous past international sustainable energy conferences Joe Mulhall stated further Nicole s strong commitment to OSEA s vision and to the members combined with her understanding of key issues facing the sector her organizational skills and proven management capability will keep OSEA moving forward in

    Original URL path: http://ontario-sea.org/Page.asp?PageID=122&ContentID=4828&SiteNodeID=271 (2016-02-18)
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