21 Apr '11, 11am

Canada Hydropower: Liquid Cornerstone

Canada Hydropower: Liquid Cornerstone

It's a major element of Canada's plan to boost its economy, as lawmakers attempt to wean the country off coal-fired power through landmark legislation that encourages the development of renewable energy, especially hydropower. "The federal government is intending to introduce legislation to reduce emissions pretty significantly from coal-fired plants," said Colin Clark, chairman of the Canadian Hydropower Association. "I think that creates an opportunity for hydropower." In the U.S., where restrictions on carbon emissions are anticipated and demand is growing, there's a big market for Canada's hydropower resources. A handful of deals to export that power to the U.S. have already been made and more are looming. "The U.S. is constrained in how it can develop its own generation systems because of uncertainty around carbon," said Dan McCarthy, president and chief executive off...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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