Canada:

Can Alterra Power Corp. Convince Investors to Buy into Renewable Energy? (Alberta Oil Magazine)

Ross Beaty founded, sold and made a fortune in mining companies. So why don’t investors trust him to do the same in the renewable energy business?

Ross Beaty executive chairman
Alterra Corp. (Courtesy
Alberta Oil, Illustration Enrico Varrasso)

Ross Beaty’s career took a sharp left turn in 2008. That was the year the geologist and mineral financier, who made a fortune mining gold, silver and copper, turned his attention to renewable energy.

“ I think, quite frankly, that it’s a very difficult business in Canada and it will be a long, long time – requiring very high electricity prices – before it’s an economic proposition.” – Ross Beaty executive chairman Alterra Corp.

“I kind of became an unfortunate expert in geothermal power,” Beaty says, now executive chairman of Canada’s first geothermal electricity company, Alterra Power Corp. He had built and sold several public mineral companies before establishing Alterra in 2008. Beaty’s plan was to build a clean energy business that would be a good investment for shareholders and a good investment for the future of the earth.

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