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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: twmoore who wrote (54708)	10/22/2004 10:01:45 PM
From: twmoore	Read Replies (1) \| Respond to of 74559

For people that are interested in wind power,Canada is about to launch the worlds first wind energy atlas. Wind power gets boost from initiative National atlas is launched that maps out the country's resources By BERTRAND MAROTTE Tuesday, October 19, 2004 - Page B9 E-mail this Article Print this Article Advertisement Closing Markets Friday, Oct. 22 S&P/TSX -65.85 8780.8 DJIA -107.95 9757.81 S&P500 -10.75 1095.74 Nasdaq -38.48 1915.14 Venture 5.78 1663.23 DJUK .02 192.2 Nikkei 67.9 10857.13 HSeng 0 13015.2 DJ Net -2.48 70.39 Gold (NY) +0.00 425.60 Oil (NY) +0.70 55.17 CRB Index -0.14 286.60 30 yr Can. -0.02 4.96 30 yr U.S. -0.01 4.76 CDN$ buys US$ +0.0054 0.8092 Yen +0.4700 86.5700 Euro +0.0032 0.6400 US$ buys CDN$ -0.0083 1.2358 Yen -0.1100 107.0000 Euro -0.0015 0.7908 Columnists Rob Carrick Personal Finance Mathew Ingram Bruce Little Janet McFarland Across the Board Brian Milner Taking Stock Eric Reguly To The Point Derek DeCloet Vox Andrew Willis Streetwise Deborah Yedlin Alberta View Business Travel Flight status Restaurant guide Advisories & Visas Globetrotter MONTREAL -- Canada's bid to catch up to the world's top producers of wind-powered energy got a boost yesterday with the launch of a national atlas that maps out the country's wind resources. The just-completed project -- a massive database of high-resolution wind statistics -- makes Canada the first large-area country in the world to have a comprehensive "wind atlas" for its entire territory, according to the Canadian government. "It's nice to have wind turbines but you need to know where to put them," Environment Minister Stéphane Dion said at a news conference. The Canadian Wind Energy Atlas -- as it's formally known -- "is a way to see the wind," he said. The atlas will make it easier and quicker to identify potentially productive wind-farm sites by, for example, reducing the need for extensive field studies, according to a government press release. "This will help demonstrate the magnitude of Canada's wind resource potential," said Robert Hornung, president of the Canadian Wind Energy Association (CWEA). Canada's wind power potential is "far superior" to that of many European countries that are way ahead in the tapping of that renewable, clean energy source, he said. Wind-powered technology currently supplies about 0.4 per cent of Canada's electricity, compared with Denmark, which gets about 15 per cent of its electricity from wind, and Germany and Spain, with about 5 per cent each. CWEA said that, based on the experience of other countries, Canada could derive 20 per cent of its energy needs from wind. The group wants Canada to attain 10,000 megawatts of wind power by 2010, or about 5 per cent of the country's electricity needs. Canada currently has about 440 megawatts of installed capacity, mostly in Alberta and Quebec. John Efford, the federal Minister of Natural Resources, also announced yesterday the allocation of $24.7-million to the recently commissioned Summerview Wind Farm near Pincher Creek, Alta. The investment is part of Ottawa's Wind Power Production Initiative, which has budgeted $260-million over 15 years to encourage the industry's development. Summerview is operated by Vision Quest Windelectric Inc., a unit of energy producer TransAlta Corp. of Calgary