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GBC Blue Chip Energy Fund The Fund's investment objective is to seek ongoing growth and income by way of dividend yield through acquisitions of capital and equipment related to the production of electric energy through solar, wind, and thermal transfer technologies. The major issues faced by renewable energy companies are huge initial capital outlay, developing new transmission and distribution lines, and raw material supply fears. However, the Kyoto Protocol and Renewable Directive targets mandates, coupled with the need for energy security, have effectively boosted the validity of a renewable energy market. The renewable energy market has reached a critical mass of support from consumers, investors, and government to ensure a valid and profitable ongoing business model. With the current interest in clean energy, investment in alternative energy is a major focus and is stepping up the pace of investment by large companies. Spain's Iberdrola and Britain's Mower are making large investments in wind power projects in Europe. In Canada, OptiSolar is developing a 40 megawatt solar farm in Sarnia, Ontario, while SunEdison has begun a 9.1 megawatt project on the north shore of Lake Erie.
Certain markets have become very attractive for the acquisition and production of renewable energy. The Province of Ontario, Canada, has introduced a "Standard Offer Program" which offers a base rate of 11 cents per kWh from electricity generated from wind, and 42 cents per kWh from electricity generated from solar. From the date of April 30, 2007, twenty percent of the base rate is indexed for inflation. Ontario's decision to pay a premium price means large projects now make financial and economic sense. By paying a premium for renewable power, Ontario is following other jurisdictions such as Germany and Japan by becoming a world leader in renewable energy projects. The Bottom Line:
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