Market players in Canada anticipate consolidation of wind developers or sales of projects in the coming year as smaller developers find it difficult to line up the early development capital needed to push toward construction.

Debt is available for projects with power purchase agreements, panelists said, but the trouble lies in bringing a project to shovel readiness. The few million dollars in early development costs are a strain for many small developers and sone investors are still gun-shy about taking on early stage risk. "As far as I see... you hear 'yeah, there's a lot of cash,' but there are a lot of hurdles to get over to get the cash," Michael Magnus, ceo of Shear Wind, a wind developer out of Nova Scotia, said to the crowd.

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