Video SpotlightGROW in WINNIPEG: Energy & Environment
Energy & Environment
Grow Greener: Resourceful Assets
This should spark your interest: Winnipeg has among the lowest rates for hydroelectricity in North America for both business and residential consumers, as well as one of the most reliable electrical grids. Manitoba Hydro—a huge exporter of electricity to the United States—generates about 98 per cent of its electricity from self-renewing water power, so its carbon footprint is minimal. We’re also a significant centre of natural gas distribution and alternative energy development.
Winnipeg’s environmental firms have substantial capabilities in waste management systems, water and wastewater treatment, and environmental impact assessments. In fact, the International Institute for Sustainable Development, with offices in Ottawa, New York and Geneva, is headquartered here.
If your company is in one of these sectors or could simply benefit from low energy costs and ample resources, businesses grow greener in Winnipeg.
More than 500 businesses in Winnipeg are actively engaged in the energy and environment sector. Emerging sub-sectors such as bioproducts, freshwater lake management, electric vehicles and eco-tourism are creating new opportunities for Manitoba businesses to become worldwide leaders.
Manitoba Hydro is one of Canada’s most active leaders in the energy and environment sector, with funding programs for renewable energy production, energy efficiency, eco-innovation, bioproducts, climate change mitigation and related environmental sectors. Its ‘Power Smart’ programs are among Canada’s most successful energy-efficiency incentives.
With assets of more than $12 billion and annual revenues in excess of $1.2 billion, Manitoba Hydro is one of Canada’s most active leaders in the energy and environment sector. Since 2003, this provincial Crown corporation’s export sales have totaled $5.6 billion. Its forecast for total export revenues are $16 billion over the next 20 years and $29 billion over the next 30 years. Exports of this scale help Manitoba Hydro keep prices low for local businesses.
Myriad opportunities exist to develop bioproducts from the abundant biomass available in the province. A variety of renewable bioproducts can be produced, including biodiesel, biofibre, ethanol, biocomposites and biogas. Manitoba’s Bioproducts Strategy envisions that bioproducts produced in Manitoba could generate revenues of $2 billion by 2020. To achieve this vision, the province government has made commitments to assist businesses through research and development funding, tax credits and a $30-million Commercialization Support for Business Program.
- Manitoba Hydro currently employs more than 6,450 people.
- Manitoba Hydro Place uses about 70% less energy than similar-sized buildings and was awarded a platinum LEED Rating in 2012.
- In addition to renewable resources, Manitoba’s hydrocarbon and mineral mining sector continues to attract investment, with $1.3 billion in capital expenditures and $122 million in new exploration in 2011.
- A major growth opportunity for Winnipeg’s environmental sector may stem from the challenges related to the cleanup of Lake Winnipeg.
- Ducks Unlimited, the world leader in wetlands and waterfowl conservation, is headquartered at the internationally renowned Oak Hammock Marsh Interpretive Centre located 40 kilometres north of Winnipeg.
- Manitoba became the first jurisdiction in North America to pass legislation committing to meeting Kyoto targets.