Canadian Alternative Energy Stocks

[Bman409]

There are some very interesting alternative energy stocks that trade on the Canadian exchanges. I don't know how many other traders out there trade on the Canadian exchanges, but I do alot of trading on the TSX and Ventures exchanges in Canada.

I've recently found 4 sold wind energy plays in Canada..

they are

AAE.V
NKW.V
SWX.V
and
VND.V

BLX.TO is also in the wind business, along with hydro power and wood powered electricity.

PCC.TO and KHD.TO are both involved in hydro power as well



In the geothermal realm, there is

GEO.TO
GTH.TO
and NGP.V



My favorite of the bunch is BLX.TO, because its profitable and diversified.

[Bman409]

From back in August.. a bit more about BLX.To




The Gazette (Montreal)

August 9, 2007 Thursday
Final Edition

Boralex ramps up expansion; Energy producer posts robust second quarter

ROBERT GIBBENS, The Gazette


Green energy producer Boralex Inc. posted a strong second-quarter yesterday and said it is stepping up its pace of expansion with entry into the Ontario wind power market and additions to wind capacity in France.

Boralex, owned 43 per cent by the Lemaire family's Cascades Inc. tissue and packaging group, is confident its bid to supply up to 400 megawatts of power from its planned La Seigneurie wind farm in Quebec City will be a winner by 2010.

Further along, Boralex's expansion plans take in British Columbia and also Italy and Poland. It wants to double its existing 350MW of capacity from wind, wood residue and natural gas plants by 2010.

Boralex has acquired rights to develop nine wind farms in southwestern Ontario with capacity of almost 100MW by 2009. Partner Gengrowth Renewables Inc. will build the plants and Boralex will operate them.

Boralex has 90MW of capacity at its six wind farms in France with another 12MW that has just come on stream. Also it operates six wood residue power stations in Maine and New York, plus eight small hydro stations in Quebec, France and New York and a natural gas plant in France.

It manages ten power stations with 190MW capacity in Quebec and the northeastern United States owned by Boralex Power Income Fund, in which it holds a 23-per-cent stake. The power is sold into the private markets or to regional distribution systems.

Second-quarter revenue was $32.4 million, up 56 per cent from a year earlier, due to a 28-per-cent rise in overall power generation, a 34-per-cent rise in average price received and forward power sales.

Net earnings were $4.8 million, or 15 cents a share, up from $1.4 million, or 5 cents a share, a year earlier. The numbers included special items equal to 18 cents a share in the latest quarter and 9 cents a share in the 2006 period. Earnings before interest, taxes, depreciation and amortization were up 27 per cent to $6.2 million.

Boralex completed a $110-million public offering during the latest quarter which will "allow us to plan expansion projects that could well double our installed capacity over the next five years," CEO Patrick Lemaire said.

The wood residue segment doubled its revenue to $22.8 million with a 47-per-cent boost in power production and a 10-per-cent gain in average prices. Wind power showed sales of $4.9 million, down from $5.2 million a year earlier.

The hydro segment had revenue of $2.9 million, up 7 per cent due to higher prices in the northeastern U.S. market.

"We don't see any serious environmental issues with the Seigneurie wind project and the next step is public hearings," Lemaire told analysts. "Hydro-Québec will soon take tenders for 2,000MW of power from many sources. We expect a decision next year."

Boralex's partners in the Seigneurie are Gaz Métro, the natural gas utility, and the Séminaire de Québec. Canada's current installed wind power capacity is 1,600MW.

rgibbens@thegazette.canwest.com