Ontario getting more from wind, but still relies on nuclear
TORONTO, ONTARIO - Ontario is getting more power from wind energy, but the province will continue to rely heavily on nuclear generation to keep the lights on, an official said.
Ontario's Independent Electricity System Operator said wind-powered electricity generation doubled last year, and the province will get more power from wind in the year to come.
The overseer of Ontario's electricity market said more wind power is scheduled to come online this year to boost the province's supply.
But Ontario residents are still relying heavily on nuclear generation, with more than half of the province's supply coming from such facilities.
Some 18 percent of the province's electricity supply came from coal-fired generation, which was up slightly from 2006.
Although the province is pushing energy conservation, residents used slightly more electricity last year than they did in 2006.
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Yesterday Tilt Renewables announced that it had entered a scheme implementation agreement under which it was proposed that PowAR would acquire its Australian business and Mercury would acquire the New Zealand business.
Conducted through a scheme of arrangement, Tilt shareholders will be offered $7.80 a share, valuing Tilt at $2.96b.
Yesterday morning shares in Tilt opened about 18 per cent up at $7.65.
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