…The premier’s remarks also signalled B.C.’s interest in selling premium-priced renewable energy to California. At present, Assembly Bill 32 disqualifies hydroelectricity from facilities with a electricity generating capacity in excess of 30 megawatts per hour.

That condition puts a substantial limit on B.C.’s ability to expand green power production for export and the premier is hoping to convince the assembly to qualify electricity from larger facilities.

It’s worth noting that in a recent meeting with The Sun’s editorial board, Energy Minister Bill Bennett, BC Hydro president and CEO Dave Cobb said that the 30-megawatt limit was more or less pulled out of the air by California legislators and didn’t take into consideration the green power opportunities that other jurisdictions could present to the state.

Link to full article

Baird, who has served in three different cabinet posts —Treasury Board, Environment and Transport — replaces the retiring Jay Hill.

Chuck Strahl steps in for Baird as transport, infrastructure and communities minister while John Duncan replaces Strahl as minister of Indian affairs and northern development.

Strahl was also first elected as a Reform party MP in 1993, and represents the British Columbia riding of Chilliwack-Fraser Canyon. He has served as agriculture minister and most recently, as the Indian affairs and northern development minister.

Link to full article

In a report on its 2008 Clean Power Call, Hydro said it has contracted to pay 27 successful bidders a levelized firm energy price ranging from $105 to $133 per megawatt hour, averaging $124 once the comparative size and electricity output of each project is weighted in.

…Hydro said that even with a 30 per cent attrition rate among successful bidders, its grid will gain 2,286 gigawatt hours of power annually. That’s enough to meet the British Columbia government’s order that Hydro be self sufficient — no longer dependent upon imported power to meet domestic demand — by 2016.

Link to full article
Link to BC Report on the RFP Process

BCCGE spokesperson David Field said in a release Thursday morning, “You can’t really consider electricity generated in the U.S.A. under the Columbia River Treaty to be an electricity export from B.C.”

The BCCGE, which advocates for more independent power production in B.C. and less energy importation, said that revenue generated by BC Hydro subsidiary Powerex from B.C.’s Columbia River entitlement is one reason electricity rates in B.C. are lower than many other jurisdictions in North America.

Link to full article

Canada is the ninth most attractive location in which to invest in renewable energy projects, according to Ernst & Young’s latest Renewable energy country attractiveness indices.

Canada retained ninth position out of 27 countries analyzed for their attractiveness for renewable energy infrastructure investment - increasing the score gap over Portugal and Ireland, both ranked tenth - driven by the stability and resilience of the Canadian financial system during the ongoing capital market challenges around the globe.

“Canada is holding firm while some others have slipped in an uncertain economic and regulatory environment,” said Stephen Lewis, leader of Ernst & Young’s Renewable Energy Advisory practice in Canada. “We’re seeing some significant activity that is increasing the share of renewables in Canada’s energy mix, but if we want to be seen as a market leader, more work will be required from all stakeholders in the industry.”

Link to full article

100% Flow Through Shares and Units with attached warrant attractive to renewable investors

Vancouver, British Columbia—Syntaris Power Corp. (“Syntaris”) is pleased to announce two new Offering Memorandums (OM) intended to raise up to $4 million dollars (Cdn) through private placement. The new OMs provide an excellent opportunity for interested individuals and corporations to enter the renewable energy market through two unique offerings:

Flow Through Share (FTS) Offering:
Share Price: $1.00
Number of Shares: 2 million ($2 million Cdn)
Initial offering date: June 23, 2010
Closing date: on or before December 31, 2010
Minimum subscription: $2500.00

Unit Offering 1 share + 1 warrant option:
Unit Price: $1.00
Warrant option price: $1.50
Number of Units: 2 million ($2 million Cdn)
Initial Offering date: June 23, 2010
Closing date: Unit purchase closing date is on or before December 31, 2010. Warrant option must be exercised on or before December 31, 2011.
Minimum subscription of $2500.00

Release of the new Offering Memorandum is well timed and comes on the heels of a number of positive announcements for British Columbia’s renewable energy industry. The provincial government recently implemented its Clean Energy Act which provides a number of key initiatives to ensure continued growth of the industry in BC. This includes an anticipated increase in energy purchase pricing, an increase in the size of projects allowed under BC Hydro’s Standing Offer program, and harmonization of federal and provincial regulations that affect renewable energy projects.

For more information about the Offering Memorandum contact:
James Ward, V.P. Investor Relations, 778-329-9629 ext. 207, jward@syntaris.com
Ric Wilson, Strategic Planning Consultant, 778-329-9629 ext. 225, rwilson@syntaris.com

About Syntaris Power Corp.
Syntaris Power Corp. is a Vancouver-based green energy company committed to sourcing, developing and operating clean, renewable hydroelectric projects in the Province of British Columbia. The Company’s impressive development portfolio, representing about 500 MW of potential projects, can provide socio-economic benefits to First Nations and local communities. Successful development of these projects would help British Columbia achieve its required goal of energy self-sufficiency by 2016 and create a legacy of clean, renewable power for future generations. For more information about Syntaris Power, visit the company website at www.syntaris.com

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Forward Looking Information: The information contained in this news release may contain forward looking statements. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Note: This is not legal or tax advice. Individual investor financial circumstances will vary. Independent advice should be sought on the suitability of these types of investments.

It was the second year in a row that renewable energy beat its conventional competitors.

The findings are being released Thursday in reports jointly issued by the United Nations Environment Program and Paris-based Renewable Energy Policy Network, which said green energy has “reached a clear tipping point” in becoming the dominant type of new electricity supply.

Link to full article

By Bill Bennett, Special to the Sun

Our new Clean Energy Act will help ensure that British Columbians continue to enjoy the benefits of our clean, reliable and cost-effective power for many years to come.

Experts have told us that, over the next 20 years, as our population increases by more than one million residents, we can expect the demand for electricity to grow by as much as 40 per cent. In order to meet this growing demand, all of us must make every effort to conserve electricity and be more efficient in our power use. Recognizing this need, we have increased BC Hydro’s conservation target to 66 per cent, from 50 per cent. However, conservation alone will not be enough.

We need to ensure that we have secure, clean sources of power to meet this growing demand. There is no better place to get clean energy than right here in British Columbia. We have abundant water, wind and biomass, and a proven, track record in delivering sustainable projects such as the W.A.C. Bennett Dam in the Peace Canyon region.

…There are critics who say that we should continue to rely on electricity generated in the United States, even if it’s not generated from clean or renewable resources.

We simply do not agree with this approach. The Clean Energy Act puts in legislation that BC Hydro will be electricity self-sufficient, which includes 3,000 gigawatt hours of “insurance” electricity by 2020 and at least 93 per cent of our electricity will be generated from clean and renewable sources.

…The new Clean Energy Act sets the foundation for a future of electricity self-sufficiency and job creation, powered by unprecedented investments in clean, renewable energy across the province.

Link to full article

The government unveiled its plan Friday for the upcoming summits to have a minimal environmental impact.

Peter Kent, minister of state of foreign affairs (Americas), announced the six components of the plan at a sparsely attended news conference in a park across from the G20 media centre.

“In the case of the G8 the entire grid will run on wind and hydroelectricity,” Kent said.

“Here in Toronto the (Metro Toronto) Convention Centre, the Direct Energy Centre (the media centre), the delegate hotels…will be powered only by renewable sources.”

Both summits will be “zero waste events,” meaning waste generated at the main summit venues will be recycled, reduced or reused, he said.

…Thousands of newly planted trees and a “living wall” of plants that will produce high-quality air inside the Direct Energy Centre are being called the summits’ “environmental legacy projects.”

link to full article

Vancouver, British Columbia—Syntaris Power Corp. is pleased to announce that the Calgary, Alberta-based utility Enmax has
exercised its option to acquire a 50% ownership position in the Culliton Creek Hydro Project.

Located about 20 kilometres north of Squamish, the 15 megawatt project received an energy purchase agreement in BC Hydro’s
Clean Power Call (CPC) in March. Culliton Creek was developed and submitted to the CPC in November 2008 in partnership
with HydroMax, the BC division of Enmax.

Upon completion, the Culliton Creek Project will generate an estimated 74 GWh of renewable electricity annually, which is
sufficient to power approximately 7,400 homes in an average year. The project is also expected to create an estimated 200
person-years of employment during its construction phase and will provide long-term revenue to government through payment
of annual taxes and other fees during its operation.

The Culliton Creek Hydro Project qualifies as clean or renewable energy in accordance with the guidelines published by the BC
Ministry of Energy, Mines and Petroleum Resources. For more information on the Project click here

About Syntaris Power Corp.
Syntaris Power Corp. is a Vancouver-based green energy company committed to sourcing, developing and operating clean, renewable
hydroelectric projects in the Province of British Columbia. The Company’s impressive development portfolio, representing about
500 MW of potential projects, can provide socio-economic benefits to First Nations and local communities. Successful development
of these projects would help British Columbia achieve its required goal of energy self-sufficiency by 2016 and create a legacy of
clean, renewable power for future generations. For more information about Syntaris Power, visit the company website at
www.syntaris.com

About Enmax
ENMAX Corporation (ENMAX) is an energy distribution, supply and service company and a wholly-owned subsidiary of The City
of Calgary, headquartered in Calgary, CANADA. ENMAX operates and competes in Alberta’s restructured electricity industry.
In 2009, the company had shareholder’s equity of $1.744 billion and net earnings of $205.9 million.

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Forward Looking Information: The information contained in this news release may contain forward looking statements. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.