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[Renewable Energy World] Outlook for Renewable Energy Projec...
2013-02-18 10:41:30 8427 0
[Outlook for Renewable Energy Projects and Finance in Canada]

Developers and investors alike are looking to understand where the next opportunities will be for renewable energy projects in Canada and how the next stage of Ontario’s market will evolve. The outlook for financing is another key area of interest with many projects entering the execution phase in 2013. The following thought-leadership piece tackles these critical questions with insight from Craig Walter, Partner and Georges Arbache, Vice President with KPMG’s Power & Utilities team based in Toronto.
According to KPMG, Canada will continue to be a growing market for renewable energy in 2013 with new opportunities opening up for wind, solar, hydro and bioenergy projects across the country, specifically driven by M&A trades but also in continued support for new Greenfield developments. While the emphasis has been on the Ontario market for the last few years, it is expected that investors and developers will shift focus to new evolving opportunities in Quebec and British Columbia in 2013. Both provinces are expected to issue Request for Proposals (RFPs) this year. Timings remain unclear however with British Columbia gearing up for a May election and Quebec’s recently elected minority government is still pondering the timing and size of the next RFP.

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By Adrienne Baker, Canadian Clean Energy Conferences