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EDC and IFC Contribute to Connect Canadian Cleantech Business with Markets in China

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Published on : Oct 27, 2014

Export Development Canada (EDC) – the second annual Climate Business Forum has announced their sponsorship of the International Financial Corporation (IFC) to be held in Hong Kong on October 28th and 29th.  

The forum will amass top industry leaders from around the world in the effort to highlight effective climate investment opportunities in major clean technology sectors which also include renewable energy, resource efficiency, and water sanitation. 

By far, China is the leading investor in renewable energy in the world. The opportunity to exhibit effective Canadian cleantech capabilities and innovation to the regional investors will prove beneficial in the near future, said Clive Witter at EDC. 

Cleantech is now the fastest growing segment in Canada and has more than 42 per cent of exports ordained for many non-US markets in 2012. 

Moreover, President Geoff Davenport - International Business, Corvus Energy said markets in China are very essential to their growing long-term plans. Also, the opportunities to institute healthy relationships with eminent senior business leaders will help them engage better in these markets and grow thereafter. 

The most important aspect of EDC’s job is to join the gap between potential foreign investors and Canadian companies. Hence, participating in forum events will help match business expertise in Canada to potential buyers. 

Export Development Canada (EDC) is a leading provider of insurance, financing, and bonding in Canada and also for companies of all sizes outside Canada. In that case, China is the major market for Canada. It is the market of corporate priority, as well as for the Government’s Global Market Action Plan.  

EDC has an official agreement with Sustainable Development Technology Canada (SDTC) in order to help the cleantech sector. SDTC is a vital partner in this initiative that is helping Canada’s cleantech brand in Asia and also five other portfolio companies in the world. 

The forum will have around 11 small and medium Canadian cleantech companies and additional seven other companies represented by investors and venture capital firms. 

In 2012, revenues in the Canadian cleantech were CAD 11.3 B; however they are expected to reach CAD 31 B over the next eight years.

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