Canada puts USD 22.3m in clean energy accelerator

Canadian currency. Author: KMR Photography.

May 28 (Renewables Now) - The Canadian government will pour up to CAD 30 million (USD 22.3m/EUR 20m) into a new public–private initiative whose goal is to speed up the development of clean energy technologies in the power, transportation, buildings and manufacturing sectors.

Amarjeet Sohi, Canada’s natural resources minister, announced the investment into Breakthrough Energy Solutions Canada (BESC) yesterday. The initiative has been launched under a new stream of the Energy Innovation Program of Natural Resources Canada (NRCan) with the support of Breakthrough Energy.

“Breakthrough Energy Solutions Canada will create a space for collaboration and help companies deliver clean energy technologies sooner and more often — bringing us all one step closer to a clean energy future,” said Canadian Prime Minister Justin Trudeau.

A week ago, the Minister of Crown-Indigenous Relations, Carolyn Bennett, announced that the government would provide CAD 52.5 million in funding for a 6.6-MW power plant in Saskatchewan that will use as fuel sawmill biomass residuals. The funds come through the Investing in Canada Infrastructure Plan.

(CAD 1 = USD 0.74/EUR 0.66)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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