Jordan Stutts

TransCanada recently won approval from US President Donald Trump to build the $8bn Keystone XL Pipeline.

The firm plans to use the proceeds, which could reach about £57m, to be used to repay debt in anticipation for further investments.

Simon Bibeau will join the firm at its Toronto headquarters to assist with infrastructure investment activities.

Earlier this month, the European Investment Bank provided a €250m loan to the utility company.

Interest in the country’s vast offshore wind potential is increasing now that several projects are moving ahead.

The budget has been allocated to the Small Communities Fund to build 26 infrastructure projects throughout the province.

The purchase comes a month after the Canadian pension manager sold its 50% stake in a UK-based water firm.

Anbaric Development Partners will focus on building clean energy transmission and micro-grid projects in North America.

However, strong rainfall predicted this year on the American West Coast could again make hydroelectric the most productive renewables source in the US, says the EIA.

Three projects will be selected onstage at the Africa Energy Forum in June for funding and development assistance.