Advised a renewable energy company as to the process of receiving a grant and the subsequent development of a biomass facility in Alberta.
Successfully obtained a $25 million grant from the Government of Alberta to turn forestry waste into clean electricity.
Matter Value: CAD 25,000,000
Davis LLP client, the Otoka Energy Corporation, has received a $25 million grant from the Government of Alberta to turn forestry waste into clean electricity. Located in Drayton Valley, the first-of-its-kind biomass to energy project will use scrap treetops, branches and other byproducts from forestry operations in Alberta to create electricity.
The goal of the project is to reduce greenhouse gas emissions by 400,000 tonnes annually, and will support Alberta's visions to be a leader in sustainable development. Funding for the project comes from Alberta's share of the Canada ecoTrust for Clean Air and Climate Change ($20 million) as well as Alberta's Biorefining Commercialization and Market Development Program, a program administered by Alberta Energy ($5 million).
Robert Seidel, Q.C.