Tag Archives: Green Energy

An Unlikely Industry Is Turning to Green Energy

By Aimee Duffy, The Motley Fool

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BP just announced it is getting out of the wind power game, and in fact big oil’s green energy initiatives are pretty negligible at this point. It could be disheartening state of affairs, but luckily pipeline companies are stepping in and picking up the slack. In this video, Fool.com contributor Aimee Duffy explores Enbridge‘s recent deal to buy into a wind project in Alberta, and reviews the alternative energy efforts already under way in the North American midstream industry.

It’s easy to forget the necessity of midstream operators that seamlessly transport oil and gas throughout the United States. Kinder Morgan is one of these operators, and one that investors should commit to memory due to its sheer size – it’s the third-largest energy company in the U.S. – not to mention its enormous potential for profits. In The Motley Fool’s premium research report on Kinder Morgan, we break down the company’s growing opportunity – as well as the risks to watch out for – in order to uncover whether it’s a buy or a sell. To determine whether this dividend giant is right for your portfolio, simply click here now to claim your copy of this invaluable investor’s resource.

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Source: FULL ARTICLE at DailyFinance

EDF EN Canada Inc. and Enbridge Acquire 300 MW Blackspring Ridge Wind Project

By Business Wirevia The Motley Fool

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EDF EN Canada Inc. and Enbridge Acquire 300 MW Blackspring Ridge Wind Project


Largest wind project development in Western Canada

TORONTO & CALGARY, Alberta–(BUSINESS WIRE)– EDF EN Canada Inc., a subsidiary of EDF Energies Nouvelles, and Enbridge Inc. (TSX:ENB) (NYS: ENB) announced today they have jointly signed a purchase agreement with Greengate Power Corporation to acquire the 300 megawatt (MW) Blackspring Ridge Wind Project. Located in Vulcan County, Alberta (50 km north of Lethbridge), Blackspring Ridge will be the largest wind project in Western Canada when operational. EDF EN Canada and Enbridge will each own 50 percent of the project. The project represents the largest investment in wind energy in the province at approximately $0.6 billion.

The project, currently in late stage development, will be comprised of 166 Vestas V100-1.8 MW wind turbines. EDF EN Canada will build the project under a fixed price engineering, procurement and construction contract with construction expected to start in the second quarter of 2013 and reach commissioning in mid-summer 2014.

“The Canadian renewable energy market is a strong focus for EDF EN, having a significant presence in Ontario and Quebec since 2007. The Blackspring Ridge project presents a unique opportunity to establish EDF EN Canada in Western Canada and specifically in Alberta – a province with a promising electricity market,” said Cory Basil, Vice President, Development at EDF EN Canada. “Securing this project builds upon our relationship with Vestas and Enbridge and adds to our existing portfolio of over 1,000 MW of renewable energy projects in Canada. It further demonstrates the benefit of geographic diversification and illustrates our business objectives to balance and optimize assets to preserve our market leadership position across North America. And as important, the firm order is positive news for Vestas’ US based manufacturing plants.”

Blackspring Ridge is an important addition to Enbridge’s fleet of renewable projects as it significantly expands our wind energy portfolio in the Alberta market, which we first entered nearly a decade ago with our Magrath and Chin Chute windfarms,” said Don Thompson, Vice President, Green Energy, Enbridge Inc. “Alberta is an attractive environment for wind investments due to its high wind capacity factor and access to transmission. Enbridge’s investment represents a further addition to its large suite of attractive commercially secured growth projects, reinforcing …read more

Source: FULL ARTICLE at DailyFinance