Sabik acquisition drives Carmanah’s $10.7-million profit
Andrew Duffy / Times Colonist
Canadian CEOs want governments to invest in clean-tech innovation
Richard Blackwell / Globe and Mail
Victoria’s Carmanah Technologies finds its guiding light
Andrew Duffy / Times Colonist
Carmanah Featured in EDC Success Story
Using Trade Protect for a Chilean project enabled Carmanah to increase sales, gain a new customer, and maintain high tech manufacturing jobs in Canada.
Carmanah Technologies highlighted in EDC article on international business
15% more Canadian SMEs use EDC export guarantee in 2015 for international sales Export Guarantee Program surpasses CAD 1 billion mark More than 630 small- to medium-sized enterprises (SMEs) used Export Development Canada’s (EDC) Export Guarantee Program (EGP) in 2015, a 15 per cent increase over 2014. The increase was driven, in part, by an evolution in the EGP’s level of coverage.
Carmanah featured in ExportWise: Ready to Export: Are you innovating?
Ready to Export: Are you innovating?
Companies that export are more innovative, productive, profitable, and protected from risk. This, the first in a four-part series, talks about how businesses that innovate and invest in R&D compete on the global stage.
John Simmons is in a competitive business and he’s not just competing with other Canadians in his line of work — he’s competing with companies across the globe.
Simmons is CEO of Carmanah, a solar technology company that provides LED lighting solutions — street lights, parking lot lights and pathway lights — to infrastructure, including marine aids for navigation and airfield for ground lighting.
“We try to innovate so our solutions provide the best value for customers,” Simmons says.
In other words, his technology gurus work hard to make sure their products are the safest, most robust and at the lowest possible price.
“When we’re competing on the world stage, we’re up against competitors from a variety of countries,” Simmons said.
UPDATE 4-Ontario cuts green power rates, commits to targets
* Province to cut solar rates more than 20 pct, wind 15 pct
* Rate cuts apply only to new projects
* Prices for water, biogas, biomass unchanged
* New projects with aboriginal support given priority
* Commitment to renewable power targets affirmed
TORONTO, March 22 (Reuters) - Ontario's renewable energy sector breathed a sigh of relief on Thursday as the province announced rate reductions for solar and wind power that were more modest than some had feared and it repeated its commitment to renewable power targets.
Following a review of its ambitious clean-energy program, Canada's most populous province said it will cut the rates it pays for power from new solar projects by more than 20 percent and wind rates by about 15 percent, reflecting lower prices for generating equipment such as solar pane ls and wind turbines.
Ontario's feed-in-tariff plan, aimed to spur job creation and help replace coal-fired power in the province, has been a source of anger for ratepayers facing higher electricity bills.
Launched in 2009 with a global recession underway, the program paid green energy producers generous above-market rates for power that they could "feed" into the provincial grid.
A Golden Moment for the Jean Canfield Building
Jean Canfield Building certified as among the most environmentally friendly facilities in Atlantic Canada
Business News Network (BNN) interviews Carmanah CEO
Ted Lattimore speaks about the company's global growth strategy