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For
immediate
release: November 17, 2009
John and Ross Keating
Winners of the 2009
Probyn Prize
Major accomplishments
Building Canadian Hydro from
a startup in 1989 to become what it is today, one of Canada’s
premier developers of
EcoLogoM-certified low-impact renewable energy
Developing 21 hydroelectric,
wind power and biomass facilities in four provinces, with net
generating
capacity of 694 megawatts of green power
Attaining approximately 40%
of the market share of the new renewable energy contracts in Ontario
Working co-operatively on sector-wide
initiatives and contributing to the major industry associations in the
process
Significant milestones
for CHD under their leadership
Financing and building the
Belly River EcoPower® Centre in 1989, pioneering in the
field when
renewable energy was a little-known concept
Completing Pingston EcoPower®
Centre, which was the first of the company’s “large” hydro projects at
45 megawatts
Building the largest wind
facility in Canada
(Melancthon EcoPower® Centre)
Building North America’s
first wind facility on an island (Wolfe Island EcoPower®
Centre);
also the second largest in Canada
Completing the first
underwater transmission line of its type, as part of the Wolfe Island
EcoPower® Centre
Being the first company to
achieve approval by the Ontario Energy Board for a privately-owned,
non-utility
transmission line of its scale.
Pioneering unique
debt financing to successfully grow its business.
Recovering and rebuilding
efficiently from a fire that gutted the Akolkolex EcoPower®
Centre
hydro facility
Successfully dealing with
very challenging geology and escalating costs at the Pingston EcoPower®
Centre
Transitioned from project
financing to balance sheet financing early this decade, allowing the
company to
achieve an investment grade credit rating on the overall generation
portfolio,
reducing its cost of borrowing
The Keatings’ role in
industry associations and policy-making
Founding members of the Independent
Power Producers Society of Alberta (IPPSA) and the Independent Power
Producers
of British Columbia (IPPBC)
Long-time, active members of
Ontario Waterpower Association (OWA), Canadian Wind Energy Association
(CanWEA), the Clean Air Renewable Energy (CARE) Coalition, as well as
APPrO and
its predecessor IPPSO
Involved in creating the
Canadian government’s ecoENERGY for Renewables program
Strong involvement in
deregulation in the province
of Alberta, and
the Small
Power Research and Development Act
Contributed to the
development of Ontario’s
Feed-In-Tariff (FIT) Program
-30-
For information
on the announcement of the 2009 Probyn Prize, see the following web
page:
http://www.appro.org/APPrO_news_release_November_17_2009.html
For background
on the sculptor, Colin Gibson, see the following web page:
http://www.appro.org/index.php?option=com_content&task=view&id=75&Itemid=112
For further
information on the Probyn Prize and Stephen Probyn, see:
http://www.appro.org/index.php?option=com_content&task=view&id=76&Itemid=113
http://www.appro.org/index.php?option=com_content&task=view&id=61&Itemid=96
http://en.wikipedia.org/wiki/Stephen_Probyn
For more
information on APPrO, see www.appro.org
For further
information contact:
David Butters,
President or Jake Brooks, Executive Director
Association of
Power Producers of Ontario (APPrO)
25 Adelaide St.
E., Suite 1602, Toronto ON M5C 3A1
tel: (416)
322-6549 or (647) 444-6549
fax: (416)
481-5785
e-mail: david.butters@appro.org
website: http://www.appro.org
--------------------------------------------------------------------------------
Association of
Power Producers of Ontario (APPrO)
PO Box 1084,
Stn. F, Toronto, Ont. M4Y 2T7
tel.:
416-322-6549 fax 416-481-5785
e-mail:
appro@appro.org website: http://www.appro.org
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