Export Development Canada

Export Development Canada

October 27, 2014 00:05 ET

EDC and IFC Partner to Help Connect Canadian Cleantech Business With Chinese Buyers

OTTAWA, ONTARIO--(Marketwired - Oct. 27, 2014) - Export Development Canada (EDC) announced today their sponsorship of the International Financial Corporation (IFC) second annual Climate Business Forum in Hong Kong.

The forum, running on October 28th and 29th, will bring together industry leaders from around the world to highlight climate investment opportunities in key clean technology sectors, including resource efficiency, renewable energy and water sanitation.

"China is the world's top investor in renewable energy. The opportunity to showcase Canadian innovation to regional investors will go a long way to opening doors for attending companies and encouraging greater awareness of cutting-edge Canadian cleantech capabilities," said Clive Witter, Senior Vice-President, Insurance, EDC.

Cleantech is the fastest growing sector in Canada, and it is the industry with the most diversified exports. More than 42 per cent of exports from the cleantech sector were destined for non-US markets in 2012.

In attendance at the forum will be 11 small and medium Canadian cleantech companies and another seven will be represented by venture capital firms or other investors.

"The markets in China are an essential part of our long-term growth plans," says Geoff Davenport, President, International Business, Corvus Energy. "Having the opportunity to establish relationships with key senior business leaders will enable us to understand and engage in these markets to accelerate our growth."

EDC is Canada's leading provider of financing, insurance and bonding for Canadian companies of all sizes that do business outside of Canada. China in particular, is a strategic market for Canada, as outlined in the Government's Global Market Action Plan, and is also a market of corporate priority for EDC.

An important part of EDC's job is bridging the gap between Canadian companies and potential foreign investors. Participating in events like this help match Canadian business expertise to potential buyers.

EDC has a collaborative agreement with Sustainable Development Technology Canada (SDTC) to further develop Canada's international capacity in the cleantech sector. SDTC is a key partner in this initiative to build Canada's cleantech brand in Asia and will join EDC along with five of its portfolio companies.

Canadian cleantech revenues were CAD 11.3 B in 2012, and are expected to reach CAD 31 B in the next eight years. Approximately 80 per cent of these companies derive more than half their sales from exports.

About EDC

EDC is Canada's trade finance agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private- and public-sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.

For more information about how EDC can help your company, visit www.edc.ca.

Contact Information

  • Spokesperson
    Phil Taylor
    Export Development Canada
    (613) 598-2904
    ptaylor@edc.ca