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Federal investment to support Indigenous-led wind projects in New Brunswick – ReNew Canada

by ahnationtalk on December 11, 202443 Views

December 11, 2024

The Government of Canada announced over $1 billion in additional investments to ensure that as New Brunswick’s electricity demands grow substantially over the coming years, demands can be met with clean electricity that is both reliable and affordable.

NB Power estimates the following investments could help power up to 140,000 homes.

  • Up to $1 billion in federal support for up to 670 megawatts of Indigenous-led wind projects through the Canada Infrastructure Bank (CIB) Clean Power priority sector and Indigenous Equity Initiative as well as Natural Resources Canada’s Smart Renewables and Electrification Pathways program (SREPs).
  • $25 million from SREPs for the 25-megawatt Neweg Energy wind project, a partnership with the New Brunswick Mi’kmaq First Nations.

Read More: https://www.renewcanada.net/federal-investment-to-support-indigenous-led-wind-projects-in-new-brunswick/

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