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Publish Date : 30-Jun-2014

The International Energy Agency has been very clear in its forecasts - global demand for energy will continue to grow, which means more greenhouse gas emissions and increased risk of destabilizing our climate. But the forecast is not entirely bleak. One bright light is the global renewable energy market, which is experiencing rapid growth as environmental and geopolitical concerns drive governments around the world to create ambitious targets for renewable energy generation. Innovators like Endurance Wind Power Inc. (Endurance) are finding ways to help drive down the cost of renewable energy, expand its use, and reduce climate-changing emissions.

Today, RBC announces that it is investing $1 million in Endurance through the RBC Generator, the investment arm of RBC's Social Finance initiative. This investment is a part of RBC's multi-million dollar social finance initiative, designed to help drive social and environmental change through private investment activity.

Endurance is a designer, manufacturer and owner of small and medium (50-225kW) wind turbines, designed specifically for distributed generation applications. Since 2007, Endurance has focused on the creation of advanced induction-based small and medium wind turbines, which produce energy at an industry-leading levelized cost of energy. In 2012, the company expanded into Distributed Energy Solutions (DES) by owning and operating its own highly efficient turbines on leased land. RBC's investment will go towards expanding this high growth business segment.

"This is the fifth investment made by the RBC Generator," says Sandra Odendahl, Head of RBC's Social Finance initiative. "We are pleased to know that it will help grow an innovative Canadian company that is reducing greenhouse gas emissions created from electricity generation."

"This level of institutional investment in distributed wind power not only demonstrates the market leadership of RBC’s Social Finance Initiative but it underscores the growing confidence in, and bankability of, the market segment," observes Glenn Johnson, CEO of Endurance Wind Power Inc. "This investment in Endurance enables us to advance our distributed energy solutions model, create jobs and continue expanding our business in global markets."

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