March 7 (Renewables Now) - Canadian indigenous-owned Nihtat Corporation will receive an investment of CAD 3.5 million (EUR 2.3m/USD2.6m) from the government to develop two renewable energy projects in the country’s North.
The first investment of CAD 3.3 million is dedicated to developing a 1.25-MW solar project combined with a 1.5-MWh battery storage system. The scheme will allow three local businesses and 32 residential units in Inuvik and Iqaluit to rely almost exclusively on solar power in the spring and summer, Michael McLeod, Member of Parliament for the Northwest Territories, said in a press release.
In addition, the Nihtat Corporation will receive CAD 220,000 for a study that will focus on options for wood pellet plant development, wood-based biomass opportunities and biomass supply chain enhancements in the Beaufort Delta region.
Natural Resources Canada's Clean Energy for Rural and Remote Communities (CERRC) Programme will fund both projects.
(CAD 1.0 = EUR 0.66/USD 0.74)