Canada was one of the first countries to sign the Kyoto Protocol, on April 29, 1998. Formal ratification came more than four years later, on Dec. 17, 2002. But Canada's continued participation in Kyoto seemed certain to end with the election of a minority Conservative government in January of 2006. Part of the party's platform was to ditch Kyoto and come up with a "made-in-Canada" approach to reducing the emissions blamed for global warming. It is hard to determine whether this, "made-in-Canada" solution will be what is needed, however, it is certain that there will be a lot of investment in the attempt to reduce our reliance on fossil fuels as our main source of energy. As such there are many Canadian businesses that are poised to prosper from this shift to greener energy. One form of green energy that has a bright future is wind energy. TransAlta Wind is a leader in the industry that develops and promotes high quality, clean, renewable energy sources for Canadians and world customers at large, in an effort to better our shared environment. Their focus is on wind generation; harnessing a power abundantly found in nature, and channeling it into local electrical grids. This process has environmental benefits for everyone and specific credits for those who choose to purchase or invest in it.
[...] Leon wind farm in Manitoba, as well as the Kingsbridge and Melancthon power projects in Ontario.[11] This shows not only how TransAlta Wind is keeping up with the growth, but it also shows how these wind farms are not restricted to any one part of Canada like other energy sources that are harvested in Canada, namely fossil fuels. According to Jason Edworthy, Managing Director Market Development at TransAlta Wind, “There are new industry players and new projects joining Vision Quest (TransAlta Wind's parent company), and this is good for the entire industry.”[12] This is a good sign for those interested in investing in TransAlta Wind. [...]
[...] Industry Canada, November Accessed on 26/11/2007 from http://www.ic.gc.ca/epic/site/rei- ier.nsf/en/h_nz00001e.html. Wahl, Andrew. Chasing the Wind. Canadian Business: Toronto, September 12 - Vol Iss Kyoto and Beyond Canada Kyoto Timeline. (CBC News February 14, 2007). Accessed [...]
[...] If someone were to decide to invest in TransAlta Wind or any other wind- energy company in Canada or beyond, they are going to want to understand how money is made in the industry, and how returns can be maximized. Financial success and return on investment is determined over a wind plant's 20-year life cycle. The decisions made in the earliest stages of planning can have crucial effects on a project's ultimate profitability.[32] It is not quite as simple as erecting some 80-metre-tall turbines on a windy hill, and let them blow in the dollars. [...]
[...] TransAlta Wind represents a leader in Canada's wind energy market these positive projections show why investment in TransAlta Wind would be a sound investment decision.[6] The Canadian wind energy industry currently includes about 150 companies, and roughly one third of these are technical consultants. Even before the multiplier effect created through indirect jobs, this creates approximately 1000 jobs nationwide. The industry is comprised of component manufacturers, developers, distributors, suppliers and consulting firms.[7] This shows that there is adequate depth in the industry to warrant investment. [...]
[...] Presently Canada has 1,049 MW of installed capacity, and that is enough to power about 315,000 homes.[15] This is a great start, but it is estimated that Canada has over 30,000 MW of potential wind energy available for development.[16] According to Edworthy, “there is no doubt wind energy will continue to be a growth industry in this country With well executed projects and continued government policy support, the industry can make headway toward the full potential we have.”[17] According to projections, Canada's wind energy capacity will have increased tenfold by 2015, and this will be enough power to support millions of homes.[18] The forecasts for the wind energy industry are nothing short of excellent, as such; an investor should feel very comfortable investing in companies like TransAlta Wind, as their future is looking very bright. [...]
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