1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 13
2 Executive Summary 14
2.1 Global Hydro Market – Growth Momentum To Accelerate 14
2.2 Canada Power Market – Thermal Power Share To Remain Constant In Overall Power Generation Mix 14
2.3 Canada Renewable Market – Share Of Hydro Power To Be Decline In Renewable Power Mix 15
2.4 Canada Hydro Power Market – Installed Capacity To Continue Growth Momentum 15
2.5 Canada Hydro Power Deals Market – – Deals Volume and Value Increased Singnificantly 15
3 Global Power Market Scenario: 2001-2020 16
4 Global Renewable Market Scenario: 2001-2020 21
4.1 Global Carbon Emission, Overview 24
5 Global Hydro Power Market: 2001 to 2020 26
5.1 Global Hydro Power Market, Cumulative Installed Capacity, MW, 2001-2020 26
5.2 Global Hydro Power Market, Power Generation, GWh, 2001-2020 28
6 Canada Power Market Scenario: 2001-2020 31
6.1 Overview 31
6.2 Canada Power Market, Installed Capacity by Fuel Type, 2001-2020 31
6.3 Canada Power Market, Power Generation by Fuel Type, 2001-2020 33
7 Canada Renewable Power Market Trends 2001 to 2020 36
7.1 Canada Renewable Power Market, Installed Capacity, MW, 2001-2020 36
7.2 Canada Renewable Power Market, Power Generation, GWh, 2001-2020 38
8 Canada Hydro Market: 2001-2020 41
8.1 Canada Hydro Market, Cumulative Installed Capacity, MW, 2001-2020 41
8.2 Canada Hydro Power Market, Power Generation, GWh, 2001-2020 42
8.3 Canada Hydro Power Market, Top Five Active Power Plants, 2009 44
9 Canada, Major Policies and Market Instruments Supporting Renewables 45
9.1 Canada, Renewable Energy, Major Policies and Incentives 45
9.2 Canada Renewable Energy, Federal Initiatives 45
9.2.1 The ecoEnergy for Renewable Power Program (ecoENERGY RP) 45
9.2.2 ecoENERGY Retrofit Grants and Incentives 45
9.2.3 ecoENERGY for Aboriginal and Northern Communities Program 47
9.2.4 Integration of Decentralized Energy Resources 48
9.2.5 Implementing Agreement on Renewable Energy Technology Deployment (IEA-RETD) 48
9.2.6 Accelerated Capital Cost Allowance 48
9.2.7 Canada, Renewable Energy Regulatory Framework, Provincial Initiatives 49
9.2.8 Eastern Provincial Programs 50
9.2.9 Central Provincial Programs 51
9.2.10 Western Provincial Programs 52
9.3 Canada, Solar Power, Major Policies and Incentives 54
9.3.1 The ecoENERGY for Renewable Heat program 54
9.3.2 ecoENERGY for Renewable Power, Solar Energy 55
9.3.3 ecoENERGY Retrofit 55
9.3.4 Tax Credit 55
9.3.5 Main Provincial Solar Support Programs 55
9.4 Canada, Wind, Major Policies and Incentives 56
9.4.1 Wind Power Production Incentive (WPPI) 56
9.4.2 Temporary Cap of 900 MW in Alberta 57
9.5 Canada, Geothermal, Major Policies and Incentives 57
9.5.1 ecoENERGY for Renewable Heat Program 57
9.5.2 ecoENERGY for Renewable Power, Geothermal 57
9.5.3 Geo-Thermal Heat Pump Tax Credit 57
9.5.4 Canadian GeoExchange Coalition (CGC) 58
9.6 Canada, Hydro, Major Policies and Incentives 58
9.7 Canada, Bioenergy, Major Policies and Incentives 58
9.7.1 Biofuel Regulation 58
9.7.2 Agricultural Bioproducts Innovation Program 58
9.7.3 ecoAgriculture Biofuels Capital Initiative (ecoABC) 59
9.7.4 Biofuels Opportunities for Producers Initiative 59
9.7.5 Canadian Agricultural Adaptation Program 60
9.7.6 ecoENERGY for Biofuels 60
9.7.7 NextGen Biofuels Fund 62
9.7.8 ecoAUTO Rebate Program 63
9.8 Canada, Renewable Energy, Major Policies and Incentives, State Policies 64
9.8.1 Canada, Alberta, Renewable Energy, Major Policies and Incentives 64
9.8.2 Canada, Renewable Energy, Major Policies and Incentives, British Columbia (BC) 72
9.8.3 Nova Scotia, Renewable Energy, Major Policies and Incentives 78
9.8.4 Canada, Ontario, Renewable Energy, Major Policies and Incentives 83
9.8.5 Incentives for Industrial, Commercial and Institutional (ICI) Solar Water Heating Systems 90
9.8.6 Ontario, Wind, Major Policies and Incentives 90
9.8.7 On Shore and Off Shore Wind: Feed –In Tariff 91
9.8.8 Canada, Quebec, Renewable Energy, Major Policies and Incentives 95
9.8.9 Wind Farm Construction on Private Land 97
10 Canada Hydro Market, Deals Market Trends, 2009 99
10.1 Canada Hydro Market, Deals Value versus Deal Volume Analysis, 2004-2009 99
10.2 Canada Hydro Market, Major Deals, 2009-2010 100
10.2.1 Fort Chicago Energy Partners To Acquire Swift Power 100
10.2.2 Synex International Acquires 10% Interest In Robson Valley Power 101
10.2.3 Boralex Receives Aprroval To Acquire Boralex Power Income Fund 102
10.2.4 Innergex Power Income Fund Acquires Innergex Renewable Energy In Reverse Acquisition 103
10.2.5 Pristine Power Acquires ANE Power Holdings 104
10.2.6 TransAlta Acquires 93.5% Interest In Canadian Hydro Developers 105
10.2.7 Boralex Acquires 29% Stake In Forces Motrices St-Francois 106
10.2.8 Innergex Renewable Energy Announces Public Offering Of $81.1 Million 107
10.2.9 Atlantic Power Files For Public Offering Of Common Shares 108
10.2.10 AltaGas Completes Bought Deal Public Offering For $194.7 Million 109
10.2.11 Northland Power Income Fund Completes Public Offering Of $141 Million 110
10.2.12 TransCanada Completes Bought Deal Financing Of Series 5 Preferred Shares For $341 Million 111
10.2.13 Emera Completes Bought Deal Public Offering Of $142 Million 112
10.2.14 Viridis Energy Completes First Tranche Private Placement Of $4.6 Million 113
10.2.15 TransCanada Completes Bought Deal Offering Of Series 3 Preferred Shares For $339 Million 114
10.2.16 Brookfield Renewable Power Fund Completes Bought Deal Public Offering Of $239.4 Million 115
10.2.17 Fortis Completes Public Offering Of $242.63 Million 116
10.2.18 Run of River Power Completes Private Placement Of $2.2 Million 117
10.2.19 Pristine Power Completes $11.08 Million Bought Deal Financing 118
10.2.20 Algonquin Power & Utilities Completes Bought Deal Financing Of $21.66 Million 119
10.2.21 TransAlta Completes Common Stock Offering For $386.45 Million 120
10.2.22 Plutonic Power Completes Bought Deal Financing For $68.04 Million 121
10.2.23 EPCOR Power Equity Announces Bought Deal Financing Of $96.24 Million 122
10.2.24 GENIVAR Income Fund Completes Private Placement Of Trust Units For $92 Million 123
10.2.25 TransCanada Completes Public Offering Of Preferred Shares For $511.72 Million 125
10.2.26 Run Of River Power Completes Non-Brokered Private Placement Of $0.91 Million 126
10.2.27 Reservoir Capital Completes Private Placement Of $4.51 Million 127
10.2.28 Capital Power Completes IPO 128
10.2.29 Great Lakes Hydro Completes Secondary Offering For $159 Million 129
10.2.30 Great Lakes Hydro Completes Private Placement Of $168 Million 130
10.2.31 MagIndustries Announces Exercise Of Over-Allotment Option 131
10.2.32 TransCanada Completes Public Offering Of $1,632 Million 132
10.2.33 Finavera Renewables Completes Private Placement Of $0.62 Million 133
10.2.34 Finavera Renewables Completes Private Placement Of $0.4 Million 134
10.2.35 Algonquin Power Announces Private Placement Of $22.27 Million 135
10.2.36 EnerAsia Announces Private Placement Of $0.06 Million 136
10.2.37 Finavera Renewables Completes Private Placement Of $0.41 Million 137
10.2.38 Canadian Utilities Completes Offering Of $124.04 Million 138
10.2.39 AltaGas Income Completes $81.92 Million Public Offering Of Trust Units 140
10.2.40 Great Lakes Hydro Income Completes Private Placement For $8.3 Million 141
10.2.41 Boralex Announces Private Placement Of 6.75% Debentures Due 2017 For $89.4 Million 142
10.2.42 Atlantic Power Files For Public Offering Of Convertible Unsecured Subordinated Debentures 143
10.2.43 Run Of River Power Announces Private Placement Of 10% Convertible Debentures Due 2011 For $2.9 Million 144
10.2.44 Nova Scotia Power Completes Public Offering For $289.7 Million 145
10.2.45 Nova Scotia Power Announces Public Offering Of $482.9 Million 146
10.2.46 TransCanada Pipeline Completes 3.4% Senior Notes Offering For $500 Million 147
10.2.47 TransCanada Pipeline Completes 6.1% Senior Notes Offering For $750 Million 148
10.2.48 CU Files Preliminary Base Shelf Prospectus For Public Offering Of $1.64 Billion 149
10.2.49 Toronto Hydro Completes 5.54% Senior Unsecured Debentures Offering For $193.3 Million 150
10.2.50 TransAlta Prices 6.5% Senior Notes Offering For $292.06 Million 151
10.2.51 Sea Breeze Power Announces Private Placement Of Five-Year Convertible Debentures For $ Million 152
10.2.52 Hydro-Quebec Completes Debt Offering Of $474 Million 153
10.2.53 Innergex Renewable Energy Completes Bought Deal Financing Of Convertible Debentures For $76.13 Million 154
10.2.54 Macquarie Power Income Completes Bought Deal Financing Of 6.5% Convertible Debentures Due 2016 For $54.4 Million 155
10.2.55 Atlantic Power Completes 6.25% Subordinated Convertible Debentures Offering For $81.3 Million 156
10.2.56 Emera Completes 4.83% Medium Term Notes Offering For $214 Million 157
10.2.57 Brookfield Renewable Power Completes Offering Of 6.132% Series 6 Notes Due 2016 For $283.24 Million 158
10.2.58 Sea Breeze Power Announces Offering Of 12% Convertible Debenture Due 2011 For $0.1 Million 159
10.2.59 EPCOR Utilities Completes Offering Of 5.75% Medium Term Notes Due 2039 For $190.27 Million 160
10.2.60 TransAlta Completes 6.4% Notes Offering For $382 Million 161
10.2.61 Algonquin Power & Utilities Completes Public Offering Of 7% Convertible Unsecured Subordinated Debentures Due 2017 For $59 Million 162
10.2.62 TransAlta Completes 4.75% Senior Notes Offering For $500 Million 163
10.2.63 Toronto Hydro Completes 4.49% Senior Unsecured Debentures Offering For $234.89 Million 164
10.2.64 Emera Completes 4.1% Series F Medium Term Notes Offering For $241.45 Million 165
10.2.65 Hydro-Quebec Completes Offering Of Floating Rate Medium-Term Notes For $990.92 Million 166
10.2.66 Aecon Group Completes Offering Of 7% Convertible Debentures Due 2014 For $160 Million 167
10.2.67 Nova Scotia Power Issues 5.95% Notes Due 2039 For $183.96 Million 168
10.2.68 Powell River Energy Completes Public Offering Of 6.45% First Mortgage Bonds For $86 million 169
10.2.69 Fortis Issues 6.51% Senior Unsecured Debenture For $175 Million 170
10.2.70 AltaGas Income Completes Public Offering Of Senior Unsecured Medium Term Notes 171
10.2.71 Hydro-Quebec Completes Offering Of Floating Rate Medium-Term Notes For $881.86 Million 172
10.2.72 TransAlta Completes 6.45% Senior Notes Offering For $177.93 Million 173
10.2.73 Newfoundland Power Completes 6.6% Bond Offering For $55 Million 174
10.2.74 FortisBC Completes Public Offering Of 6.1% Senior Unsecured Medium Term Note Debentures For $89 Million 175
10.2.75 AltaGas Income Trust Completes Offering Of Senior Unsecured Medium-Term Notes For $161.88 Million 176
10.2.76 Brookfield Renewable Power Announces Public Offering Of Medium Term Notes For $80.76 Million 177
10.2.77 Canadian Utilities Completes Private Placement Of $93.63 Million Of 6.21% Debentures Due 2024 178
10.2.78 Canadian Utilities Completes Private Placement Of $117 Million Of 6.5% Debentures Due 2039 179
10.2.79 TransCanada PipeLines Issues $300 Million Of 5.05% Medium-Term Notes Due 2014 180
10.2.80 TransCanada PipeLines Issues $400 Million Of 8.05% Medium-Term Notes Due 2039 181
10.2.81 Hydro-Quebec Completes Offering Of 5% Series JN Debentures For $406.23 Million 182
10.2.82 Nova Scotia Power Completes Offering Of $40.14 Million Series T Medium Term Notes 183
10.2.83 Hydro-Quebec Announces Debenture Offering Of $421.86 Million 184
10.2.84 Wireless Age Acquires 60% Interest In Plasma Gasification And Renewable Energy Proejcts 185
10.2.85 Fortis, Columbia Power And Columbia Basin Trust Announces Project Financing For Expansion Of Waneta Hydro Power Project In British Columbia, Canada 186
10.2.86 Forrest Kerr To Invest $677 Million For Forrest Kerr Hydro Electric Power Project In British Columbia, Canada 186
10.2.87 OPG To Invest $2,541 Million For The Up-Gradation Of Lower Mattagami Hydro Power Project In Ontario, Canada 187
10.2.88 BC Hydro To Invest $1,298 Million For Mica Unit V And VI Hydro Power Projects In Canada 187
10.2.89 Run Of River Power To Invest $94 Million For Namquam Power Project In Canada 188
10.2.90 AbitibiBowater Sells 60% Interest In McCormick Hydro Power Plant For $583 Million To Hydro-Quebec 188
10.2.91 Algonquin Power & Utilities Acquires Hydro Power And Thermal Generating Assets From Integrys Energy 190
10.2.92 Hydro-Quebec To Acquire Hydro Power Stations From Energie NB Power For $4,671 Million 191
10.2.93 Pristine Power Acquires Kleana Hydropower Project From 0755748 BC, Canada 192
10.2.94 BC Hydro To Invest $6,513 Million For Peace River Site C Hydroelectric Project In British Columbia, Canada 193
10.2.95 Yukon Energy Recieves $5 Million Grant For Aishihik 3 Hydro Power Plant, Canada 194
10.2.96 Innergex And Ledcor Power Completes Project Financing Of $22 Million For Fitzsimmons Creek Hydro Project, Canada 195
10.2.97 Brookfield Renewable Power Income Fund Acquires Renewable Energy Assets For $814 Million From BRPI 196
10.2.98 Manitoba Hydro To Invest $3,028 Million In Keeyask Hydro Power Project, Canada 197
10.2.99 BC Hydro Acquires 33.33% Stake In Waneta Dam Hydroeletric Project For $729 Million From Teck Resources 198
10.2.100 Yukon Energy Receives Grant Of $65 Million For Mayo B Hydroelectric Project, Canada 199
10.2.101 BC Hydro To Invest $154 Million In Revelstoke Unit 5 Hydroelectric Project, Canada 199
10.2.102 Plutonic Power And GE Energy Financial Services To Receive $73 Million Grant For East Toba River And Montrose Creek Hydroelectric Project, Canada 200
10.2.103 C-Free Power Invests $2 Million In Jamie Creek Hydroelectric Project, British Columbia, Canada 200
10.2.104 Fosthall Creek Power Invests $7 Million In Fosthall Creek Hydroelectric Project, British Columbia, Canada 201
10.2.105 Brookfield Asset Management To Acquire 75 Percent Stake In Hydro Power Project For $161 Million From AbitibiBowater 201
10.2.106 Canadian Hydro Developers To Invest $33 Million In Hydro Power Station In Ontario, Canada 202
10.2.107 Boralex Acquires 21% Interest In East Angus Hydroelectric Power Station For $1 Million From Forces Motrices 203
11 Company Snapshot: BC Hydro 204
11.1 Company Overview 204
11.2 Major Products and Services 204
12 Company Snapshot : Brookfield Asset Management Inc 205
12.1 Company Overview 205
12.2 Major Products and Services 205
13 Company Snapshot: Manitoba Hydro 206
13.1 Company Overview 206
13.2 Major Products and Services 206
14 Company Snapshot: Hydro-Quebec 207
14.1 Company Overview 207
14.2 Major Products and Services 207
15 Company Snapshot : Ontario Power Generation Inc 209
15.1 Company Overview 209
15.2 Major Products and Services 209
16 Appendix 210
16.1 Abbreviations 210
16.2 Methodology 210
16.2.1 Coverage 210
16.2.2 Secondary Research 211
16.2.3 Primary Research 211
16.2.4 Expert Panel Validation 211
16.3 Contact Us 212
16.3.1 Disclaimer 212
1.1 List of Tables
Table 1: Global Power Market, Installed Capacity by Technologies (MW), 2001 – 2020 17
Table 2: Global Renewable Power Market Installed Capacity (MW), 2001 – 2020 22
Table 3: Global Hydro Power Market, Cumulative Installed Capacity, MW, 2001-2020 28
Table 4: Global Hydro Market, Power Generation, GWh, 2001-2020 30
Table 5: Canada Power Market, Installed Capacity by Fuel Type, MW, 2001-2020 33
Table 6: Canada Power Market, Power Generation by Fuel Type, GWh, 2001-2020 35
Table 7: Canada Renewable Power Market Cumulative Installed Capacity, MW, 2001-2020 38
Table 8: Canada Renewable Power Market Including Power Generation, GWh, 2001-2020 40
Table 9: Canada Hydro Power Market, Cumulative Installed Capacity, MW, 2001-2020 42
Table 10: Canada Hydro Power Market, Power Generation, GWh, 2001-2020 44
Table 11: Canada Power Market, Top Five Hydro Power Projects (MW), 2008 44
Table 12: Canada, ecoENERGY for Aboriginal and Northern Communities Program, Funding Available, 2010 48
Table 13: Canada, Green Power – Provincial Targets and Policies, 2010 50
Table 14: Canada, ecoENERGY for Renewable Heat, Incentive Rate - CAD/m2, 2010 55
Table 15: Canada, ecoENERGY for Biofuels, Maximum Incentive Rate Payable (CAD per L), 2010 62
Table 16: Alberta, Bioenergy Producer Credit Program, Funding Options, 2010 71
Table 17: BC, Standing Offer Program, Base Prices By Region, 2010 74
Table 18: Ontario, Feed –In Tariff Program for Wind Energy Projects , 2010 91
Table 19: Ontario, Feed-In Tariffs for Water Power Projects ,2010 92
Table 20: Ontario, Standard Offer Program for Biomass Energy, 2010 93
Table 21: Ontario, Retail Sales Tax Rebate For Vehicles Powered by Alternative Fuels, Limits to the Rebate, 2010 95
Table 22: Canada Hydro Market, Deal Value versus Deal Volume Analysis, 2004-2009 99
Table 23: Fort Chicago Energy Partners To Acquire Swift Power 100
Table 24: Synex International Acquires 10% Interest In Robson Valley Power 101
Table 25: Boralex Receives Aprroval To Acquire Boralex Power Income Fund 102
Table 26: Innergex Power Income Fund Acquires Innergex Renewable Energy In Reverse Acquisition 103
Table 27: Pristine Power Acquires ANE Power Holdings 104
Table 28: TransAlta Acquires 93.5% Interest In Canadian Hydro Developers 105
Table 29: Boralex Acquires 29% Stake In Forces Motrices St-Francois 106
Table 30: Innergex Renewable Energy Announces Public Offering Of $81.1 Million 107
Table 31: Atlantic Power Files For Public Offering Of Common Shares 108
Table 32: AltaGas Completes Bought Deal Public Offering For $194.7 Million 109
Table 33: Northland Power Income Fund Completes Public Offering Of $141 Million 110
Table 34: TransCanada Completes Bought Deal Financing Of Series 5 Preferred Shares For $341 Million 111
Table 35: Emera Completes Bought Deal Public Offering Of $142 Million 112
Table 36: Viridis Energy Completes First Tranche Private Placement Of $4.6 Million 113
Table 37: TransCanada Completes Bought Deal Offering Of Series 3 Preferred Shares For $339 Million 114
Table 38: Brookfield Renewable Power Fund Completes Bought Deal Public Offering Of $239.4 Million 115
Table 39: Fortis Completes Public Offering Of $242.63 Million 116
Table 40: Run of River Power Completes Private Placement Of $2.2 Million 117
Table 41: Pristine Power Completes $11.08 Million Bought Deal Financing 118
Table 42: Algonquin Power & Utilities Completes Bought Deal Financing Of $21.66 Million 119
Table 43: TransAlta Completes Common Stock Offering For $386.45 Million 120
Table 44: Plutonic Power Completes Bought Deal Financing For $68.04 Million 121
Table 45: EPCOR Power Equity Announces Bought Deal Financing Of $96.24 Million 122
Table 46: GENIVAR Income Fund Completes Private Placement Of Trust Units For $92 Million 123
Table 47: TransCanada Completes Public Offering Of Preferred Shares For $511.72 Million 125
Table 48: Run Of River Power Completes Non-Brokered Private Placement Of $0.91 Million 126
Table 49: Reservoir Capital Completes Private Placement Of $4.51 Million 127
Table 50: Capital Power Completes IPO 128
Table 51: Great Lakes Hydro Completes Secondary Offering For $159 Million 129
Table 52: Great Lakes Hydro Completes Private Placement Of $168 Million 130
Table 53: MagIndustries Announces Exercise Of Over-Allotment Option 131
Table 54: TransCanada Completes Public Offering Of $1,632 Million 132
Table 55: Finavera Renewables Completes Private Placement Of $0.62 Million 133
Table 56: Finavera Renewables Completes Private Placement Of $0.4 Million 134
Table 57: Algonquin Power Announces Private Placement Of $22.27 Million 135
Table 58: EnerAsia Announces Private Placement Of $0.06 Million 136
Table 59: Finavera Renewables Completes Private Placement Of $0.41 Million 137
Table 60: Canadian Utilities Completes Offering Of $124.04 Million 138
Table 61: AltaGas Income Completes $81.92 Million Public Offering Of Trust Units 140
Table 62: Great Lakes Hydro Income Completes Private Placement For $8.3 Million 141
Table 63: Boralex Announces Private Placement Of 6.75% Debentures Due 2017 For $89.4 Million 142
Table 64: Atlantic Power Files For Public Offering Of Convertible Unsecured Subordinated Debentures 143
Table 65: Run Of River Power Announces Private Placement Of 10% Convertible Debentures Due 2011 For $2.9 Million 144
Table 66: Nova Scotia Power Completes Public Offering For $289.7 Million 145
Table 67: Nova Scotia Power Announces Public Offering Of $482.9 Million 146
Table 68: TransCanada Pipeline Completes 3.4% Senior Notes Offering For $500 Million 147
Table 69: TransCanada Pipeline Completes 6.1% Senior Notes Offering For $750 Million 148
Table 70: CU Files Preliminary Base Shelf Prospectus For Public Offering Of $1.64 Billion 149
Table 71: Toronto Hydro Completes 5.54% Senior Unsecured Debentures Offering For $193.3 Million 150
Table 72: TransAlta Prices 6.5% Senior Notes Offering For $292.06 Million 151
Table 73: Sea Breeze Power Announces Private Placement Of Five-Year Convertible Debentures For $ Million 152
Table 74: Hydro-Quebec Completes Debt Offering Of $474 Million 153
Table 75: Innergex Renewable Energy Completes Bought Deal Financing Of Convertible Debentures For $76.13 Million 154
Table 76: Macquarie Power Income Completes Bought Deal Financing Of 6.5% Convertible Debentures Due 2016 For $54.4 Million 155
Table 77: Atlantic Power Completes 6.25% Subordinated Convertible Debentures Offering For $81.3 Million 156
Table 78: Emera Completes 4.83% Medium Term Notes Offering For $214 Million 157
Table 79: Brookfield Renewable Power Completes Offering Of 6.132% Series 6 Notes Due 2016 For $283.24 Million 158
Table 80: Sea Breeze Power Announces Offering Of 12% Convertible Debenture Due 2011 For $0.1 Million 159
Table 81: EPCOR Utilities Completes Offering Of 5.75% Medium Term Notes Due 2039 For $190.27 Million 160
Table 82: TransAlta Completes 6.4% Notes Offering For $382 Million 161
Table 83: Algonquin Power & Utilities Completes Public Offering Of 7% Convertible Unsecured Subordinated Debentures Due 2017 For $59 Million 162
Table 84: TransAlta Completes 4.75% Senior Notes Offering For $500 Million 163
Table 85: Toronto Hydro Completes 4.49% Senior Unsecured Debentures Offering For $234.89 Million 164
Table 86: Emera Completes 4.1% Series F Medium Term Notes Offering For $241.45 Million 165
Table 87: Hydro-Quebec Completes Offering Of Floating Rate Medium-Term Notes For $990.92 Million 166
Table 88: Aecon Group Completes Offering Of 7% Convertible Debentures Due 2014 For $160 Million 167
Table 89: Nova Scotia Power Issues 5.95% Notes Due 2039 For $183.96 Million 168
Table 90: Powell River Energy Completes Public Offering Of 6.45% First Mortgage Bonds For $86 million 169
Table 91: Fortis Issues 6.51% Senior Unsecured Debenture For $175 Million 170
Table 92: AltaGas Income Completes Public Offering Of Senior Unsecured Medium Term Notes 171
Table 93: Hydro-Quebec Completes Offering Of Floating Rate Medium-Term Notes For $881.86 Million 172
Table 94: TransAlta Completes 6.45% Senior Notes Offering For $177.93 Million 173
Table 95: Newfoundland Power Completes 6.6% Bond Offering For $55 Million 174
Table 96: FortisBC Completes Public Offering Of 6.1% Senior Unsecured Medium Term Note Debentures For $89 Million 175
Table 97: AltaGas Income Trust Completes Offering Of Senior Unsecured Medium-Term Notes For $161.88 Million 176
Table 98: Brookfield Renewable Power Announces Public Offering Of Medium Term Notes For $80.76 Million 177
Table 99: Canadian Utilities Completes Private Placement Of $93.63 Million Of 6.21% Debentures Due 2024 178
Table 100: Canadian Utilities Completes Private Placement Of $117 Million Of 6.5% Debentures Due 2039 179
Table 101: TransCanada PipeLines Issues $300 Million Of 5.05% Medium-Term Notes Due 2014 180
Table 102: TransCanada PipeLines Issues $400 Million Of 8.05% Medium-Term Notes Due 2039 181
Table 103: Hydro-Quebec Completes Offering Of 5% Series JN Debentures For $406.23 Million 182
Table 104: Nova Scotia Power Completes Offering Of $40.14 Million Series T Medium Term Notes 183
Table 105: Hydro-Quebec Announces Debenture Offering Of $421.86 Million 184
Table 106: Wireless Age Acquires 60% Interest In Plasma Gasification And Renewable Energy Proejcts 185
Table 107: Fortis, Columbia Power And Columbia Basin Trust Announces Project Financing For Expansion Of Waneta Hydro Power Project In British Columbia, Canada 186
Table 108: Forrest Kerr To Invest $677 Million For Forrest Kerr Hydro Electric Power Project In British Columbia, Canada 186
Table 109: OPG To Invest $2,541 Million For The Up-Gradation Of Lower Mattagami Hydro Power Project In Ontario, Canada 187
Table 110: BC Hydro To Invest $1,298 Million For Mica Unit V And VI Hydro Power Projects In Canada 187
Table 111: Run Of River Power To Invest $94 Million For Namquam Power Project In Canada 188
Table 112: AbitibiBowater Sells 60% Interest In McCormick Hydro Power Plant For $583 Million To Hydro-Quebec 188
Table 113: Algonquin Power & Utilities Acquires Hydro Power And Thermal Generating Assets From Integrys Energy 190
Table 114: Hydro-Quebec To Acquire Hydro Power Stations From Energie NB Power For $4,671 Million 191
Table 115: Pristine Power Acquires Kleana Hydropower Project From 0755748 BC, Canada 192
Table 116: BC Hydro To Invest $6,513 Million For Peace River Site C Hydroelectric Project In British Columbia, Canada 193
Table 117: Yukon Energy Recieves $5 Million Grant For Aishihik 3 Hydro Power Plant, Canada 194
Table 118: Innergex And Ledcor Power Completes Project Financing Of $22 Million For Fitzsimmons Creek Hydro Project, Canada 195
Table 119: Brookfield Renewable Power Income Fund Acquires Renewable Energy Assets For $814 Million From BRPI 196
Table 120: Manitoba Hydro To Invest $3,028 Million In Keeyask Hydro Power Project, Canada 197
Table 121: BC Hydro Acquires 33.33% Stake In Waneta Dam Hydroeletric Project For $729 Million From Teck Resources 198
Table 122: Yukon Energy Receives Grant Of $65 Million For Mayo B Hydroelectric Project, Canada 199
Table 123: BC Hydro To Invest $154 Million In Revelstoke Unit 5 Hydroelectric Project, Canada 199
Table 124: Plutonic Power And GE Energy Financial Services To Receive $73 Million Grant For East Toba River And Montrose Creek Hydroelectric Project, Canada 200
Table 125: C-Free Power Invests $2 Million In Jamie Creek Hydroelectric Project, British Columbia, Canada 200
Table 126: Fosthall Creek Power Invests $7 Million In Fosthall Creek Hydroelectric Project, British Columbia, Canada 201
Table 127: Brookfield Asset Management To Acquire 75 Percent Stake In Hydro Power Project For $161 Million From AbitibiBowater 201
Table 128: Canadian Hydro Developers To Invest $33 Million In Hydro Power Station In Ontario, Canada 202
Table 129: Boralex Acquires 21% Interest In East Angus Hydroelectric Power Station For $1 Million From Forces Motrices 203
Table 130: Major Products and Services 204
Table 131: Major Products and Services 205
Table 132 Major Products and Services 206
Table 133 Major Products and Services 207
Table 134 Major Products and Services 209
Table 135: List of Abbreviations 210
1.2 List of Figures
Figure 1: Global Hydro Power Market, Cumulative Installed Capacity, MW, 2001-2020 14
Figure 2: Global Power Market, Installed Capacity by Technologies (MW), 2001 - 2020 16
Figure 3: Global Power Market, Installed Capacity Split by Technologies (MW), 2009 18
Figure 4: Global Renewable Power Market Installed Capacity (MW), 2001 – 2020 21
Figure 5: Global Renewable Power Market Installed Capacity Spilt by Technology (MW), 2009 23
Figure 6: Global Hydro Power Market, Cumulative Installed Capacity, MW, 2001-2020 27
Figure 7: Global Hydro Market. Power Generation, GWh, 2001-2020 29
Figure 8: Canada Power Market, Installed Capacity by Fuel Type, MW, 2001-2020 32
Figure 9: Canada Power Market, Power Generation by Fuel Type, GWh, 2001-2020 34
Figure 10: Canada Renewable Power Market Cumulative Installed Capacity, MW, 2001-2020 37
Figure 11: Canada Renewable Power Market Power Generation, GWh, 2001-2020 39
Figure 12: Canada Hydro Power Market, Cumulative Installed Capacity, MW, 2001-2020 41
Figure 13: Canada Hydro Power Market, Power Generation, GWh, 2001-2020 43
Figure 14: Canada Hydro Market, Deal Value versus Deal Volume Analysis, 2004-2009 99
