New developments for Sorgent.e in Canada

Sorgent.e Hydro Canada Corporation, a Canadian subsidiary of Sorgent.e Holding, has acquired a portfolio of small hydro power projects under development that TransAlta Corporation has divested in the province of British Columbia.

These new developments spread Sorgent.e's portfolio throughout the province's interior. Some of these projects are facing the last stage of development before starting construction.

Aware of the environmental and social needs, one of Sorgent.e's main objectives in Canada is to work hand-in-hand with First Nations. Sorgent.e's core mission of working with local communities has matured after its experience working with many of them on different continents. This explains why Sorgent.e and Simpcw First Nation have found a high level of understanding and collaboration since their very first meeting at the beginning of 2012. Understanding that has materialized into an Impact and Benefit Agreement for different projects in Simpcw traditional territory. The agreement with Simpcw is based upon the appropriate environmental and cultural heritage assessment as required for this type of project.

Sorgent.e is not competing with leading Canadian independent power producers. Its operations in BC reignites the portfolios of small projects which large local corporations have divested and provides the necessary partnership with small developers to finalize the construction of their projects.

Sorgent.e is an industrial rather than just a financial investor. Its experience and capability manufacturing products and building plants gives assurances for the success of a profitable and clean energy generation in British Columbia. In order to satisfy BC’s electrical demand, Sorgent.e's strategy is to partner with First Nations and local agents to create a bright and green future for the Province. BC