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Concord Pacific rapidly expands renewable energy portfolio

2 years ago

Concord Pacific, based in Vancouver, is one of Canada’s most recognized commercial and residential real estate developers. But increasingly in recent years, the company has also built a renewable energy portfolio, which includes wind, hydroelectric, and utility-scale solar assets.

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Edmonton will be the site of Western Canada’s hydrogen hub with a multi-billion dollar complex slated for 2024. Air Products, an American-based multinational corporation, announced an investment of $1.3 billion for the first phase of the blue hydrogen project.

To modernize Canada’s electricity grid to produce more clean energy, the federal government has followed through on its budget promise with the announcement of the $964-million Smart Renewables and Electrification Pathways (SREPs) Program.

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Microgrid development is driven by businesses that want to control their own on-site power production, according to panelists at the Microgrid 2021 conference. Microgrids multiply as customers look for a reliable, affordable power supply that meets sustainability goals.

Yardi Pulse

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The Ontario Energy Association (OEA) released its Net Zero 2050 report, reviewing Ontario’s energy system and options for achieving net zero by 2050. Transitioning Ontario’s energy system to net zero will involve one of the largest infrastructure projects in the province’s history.

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GE, National Grid, and Mitsubishi are among 39 companies that have signed on to the Low-Carbon Resources Initiative (LCRI), a 5-year, $100 million research and development initiative aimed at identifying and developing new technologies and solutions for decarbonization of the power sector.

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In a net-zero carbon world, the low-carbon solution wins. With this in mind, the remaining years of this decade will be defined by tackling industrial chain emissions. These Scope 3 emissions often are seen as the third rail of climate policy.

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Alectra Utilities, the largest municipally-owned electric utility in Canada, announced the construction of a new operations centre at 200 Kennedy Road in Brampton. The facility will be LEED-certified to Gold Standard and function as an operations centre for more than 400 employees.

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The Canadian Infrastructure Bank is promising a $400-million loan to the City of Ottawa to purchase 450 electric buses by 2027. The agreement will need the approval of the city’s transportation committee and council later in June.

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United Airlines ordered 15 of Boom’s “Overture” supersonic jets for $200 million a pop, subject to Boom meeting United’s “demanding safety, operating, and sustainability requirements.” Boom’s jet, which is aiming for service in 2029, has not been built or certified.

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B.C. is expanding its electric vehicle charging network with more than 50 per cent of the sites required to meet the province’s 2040 demand already built or underway. B.C. has more than 54,400 EVs, leading to an estimated 216,000 tonnes in emission reductions annually.

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In Norway, one of the greenest cities in the world, where electric cars abound and almost all carbon emissions will be eliminated within a decade, the debate about climate change has led to police investigating threats against Oslo vice mayor.

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Remote work is good for the climate. Most organizations recognize the hybrid workplace, where employees divide their time between working from the office and working remotely. As organizations decide how to structure these new workplaces, climate should be considered.

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Turning off just half the lights in a big building at night can result in up to 11 times fewer bird collisions, a new study finds. Each year, up to 1 billion birds are killed in the U.S. from colliding with buildings.

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Homebuilders are applauding the City of Vancouver’s city manager’s call for a one-year pause on enforcing “net-zero” regulations on new detached houses and duplexes. It is part of sweeping measures meant to reform the city’s backlogged residential permit process.

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Burlington-based waste-processing company, Anaergia’s, mission is to eliminate greenhouse gases by converting organic waste into water, fertilizer, and renewable gas. The company has filed for a $200-million initial public offering on the Toronto Stock Exchange.

EY

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As demand for low-carbon fuel surges, Neste Oyj, the world’s biggest biofuel producer, is looking to build a refinery in Quebec that would transform forestry waste — from branches to landfill garbage — into renewable diesel for vehicles and planes.

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Billions of single-use cups are littered or placed in trash bins at concerts and sporting events each year. Even where waste bins exist, most people don’t use them. Many recyclable cups are stuffed with trash making them impossible to recycle.

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As part of an effort to create a circular economy that reduces waste and greenhouse gas emissions, the EU will ban several throwaway plastic items and is working to create an expansive and lucrative market for recycled plastics.

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The ALPALGA project has set out to study communities of microalgae that live in mountains, including some that turn snow orange or red, a phenomenon known as “glacier blood.” Scientists believe climate change may be the cause in the Alps.

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