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Nova Scotia paper mill closes financing for $450M wind farm

1 week ago

Nova Scotia paper mill closes financing for $450M wind farm

A $450-million wind energy project being developed by the sister company of Nova Scotia-based Port Hawkesbury Paper will be powering its mill and providing clean electricity to the provincial grid.

U.S. DoE offers $1.76B loan to Hydrostor for California project

The U.S. Department of Energy (DoE) made a conditional commitment to loan Toronto-based energy storage company Hydrostor up to US$1.76 billion. The loan would help fund the 500-megawatt Willow Rock Energy Storage Center in Rosamond, Calif.

CPP Investments to sell stake in Calpine Corporation

CPP Investments will sell its stake in Calpine Corp. to Constellation Energy, the U.S.'s largest producer of clean energy. Net proceeds to CPP will be approximately US$700 million in cash and US$1.9 billion in Constellation stock.

Parliament’s pause leaves imbalance in electricity sector

A promised federal tax credit to support clean energy investments by provincial power utilities and Indigenous corporations appears to be dead in the water, after this week’s prorogation of Parliament. The situation is contributing to broader industry uncertainty.

Li-Cycle outlines 2024 commercial, operational highlights

Toronto-based lithium-ion battery resource recovery company Li-Cycle Holdings Corp. (LICY-N) has reported its highlights for full-year 2024. The company said it supported 13 electric vehicle (EV) manufacturers and prioritized securing a full financing package to restart its Rochester Hub project.

Novacium enters into a collaboration with the French Army

HPQ Silicon Inc., a technology company specializing in green engineering of silica and silicon-based materials, said its French-based subsidiary, Novacium SAS, has entered into a strategic collaboration with the French Army to develop high-capacity batteries utilizing Novacium’s silicon-based materials.

Northvolt owners vote to stay operating while seeking funding

The owners of Northvolt voted to continue operations, the company said, while the Swedish EV battery maker scrambles to find new backers and funding. Northvolt filed for bankruptcy in the U.S. in November with US$5.84 billion in debt.

iZEV rebates will pause ahead of original March date

Prospective passenger zero-emission vehicle buyers in Canada should be aware that the federal zero-emission vehicle incentive program (iZEV) will pause ahead of the anticipated March 31 date, “due to high uptake”, according to the zero-emission vehicle council.

Canada's tariffs on Chinese EVs pose quandary for next PM

Changes in the political landscape in the U.S. and Canada are raising questions about the future of the tariffs both countries raised last year on Chinese-made EVs. Canada announced 100 per cent tariffs on Chinese EVs in August.

LG Energy posts unexpected loss as EV demand slows

Battery maker LG Energy Solution reported an unexpected loss as cooling demand for EVs hurt sales. Shares fell as much as four per cent after the earnings were released, the biggest decline on an intraday basis since Dec. 20, 2024.  

The Los Angeles wildfires are climate disasters compounded

ANALYSIS: The infernos in the Los Angeles area foretell an emerging era of compound events – simultaneous types of historic weather conditions, happening at unusual times of the year, resulting in situations that overwhelm our ability to respond.

2024 declared hottest year yet

New data released Thursday by Europe’s Copernicus Climate Change Service show that not only was 2024 the hottest year ever measured, but it marks the planet’s entry into a heat regime the Paris climate agreement explicitly aims to avoid.

Biden administration finalizes clean electricity tax credits

New U.S. tax credits are available for companies that generate clean electricity, the Biden administration announced Tuesday, while arguing it would be a mistake for president-elect Donald Trump to try to undo them.

Japan’s owner of Muji stores looks to build clean power plants

Ryohin Keikaku, the Japanese owner of household goods and furniture brand Muji, will look to build clean power plants in an effort to meet its emissions targets. It aims to run all its stores entirely on renewable energy by 2030.

Growth of dirtiest steelmaking tests India's carbon mission

India’s construction frenzy has triggered a rush to make steel on the cheap, using some of the dirtiest technology and straining Prime Minister Narendra Modi’s plans to slash carbon emissions. 

McGill researchers turn to 19th century letters to improve climate models

A team led by McGill University researchers hopes to improve climate models over Africa by combining them with 19th century missionary records, refashioning dubious documents in a bid to better inform projections of global warming’s impact.

How these students cut their school's food waste by 57%

After taking part in a program from the Climate Action Accelerator, which pushes organizations to halve their emissions by 2030, Dyanne Jiang and Myra Datta decided to target lunch food waste at their school, Appleby College in Oakville, Ont.

Can this company offer a sustainable way forward for theatres?

Much of what’s thrown out by arts organizations might have been used only for several weeks or months. Yet these materials, some non-biodegradable, could be left sitting in landfills for centuries. Bad New Days Theatre is hoping to change that.

B.C. researchers aim to make the perfect T-shirt — from lumber

A B.C. researcher looking to make the perfect T-shirt has turned to a material so ubiquitous it’s been both a major source of the province’s wealth and the bane of its international trade agreements: softwood lumber. 

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