Britain is set to encounter widespread power shortages within eight years due to the country's switch to cleaner energy generation, according to forecasts contained in a government report. A growing reliance on intermittent renewable energy sources, such as wind, is set to exacerbate the problem.
Canada's biggest generator of energy has launched a $1.5 billion hostile bid for the country's leading developer of clean power, including the two largest wind farms in Ontario. TransAlta Corp.'s proposed acquisition of Calgary-based Canadian Hydro Developers Inc. could well pave the way for more acquisitions.
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