Renewable Energy’s Future Remains Bright, Despite Global Economic Downturn

Published by: Mark Lowey
in Energy, Issue 2 & 3, Volume 18
Energy
Renewable Energy’s Future 
Remains Bright, Despite  
Global Economic Downturn
By Elona Malterre
            Renewable energy has a bright future – despite the global economic crisis – especially in the face of declining water supplies, industry experts and financial analysts say.
            There is still strong interest in wind power development, says Robert Hornung, president of the Canadian Wind Energy Association (CanWEA). “Two recent requests for (wind power) proposals in Ontario and British Columbia were substantially over-subscribed,” he said in an interview.
            In late January, the Ontario Power Authority and Renewable Energy Systems Canada announced the development of two new wind farms which together will cost $500 million.…

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