US, Canada, Mexico to cooperate on renewables transmission

The Bull Creek Wind Facility. Source: BluEarth Renewables Inc. License: All Rights Reserved

June 30 (SeeNews) - As part of their 50% clean power commitment by 2025, the US, Canada and Mexico will cooperate on cross-border transmission projects, including for renewable energy, that would add about 5 GW of capacity.

As expected, on Wednesday the three North American countries announced they will strive towards a 2025 regional goal of 50% clean power generation by relying on renewable and nuclear power, carbon capture and storage technologies, as well as on energy efficiency.

Among the planned steps is working together on at least six cross-border transmission lines such as the Great North Transmission Line, the New England Clean Power Link and the Nogales Interconnection, which are currently proposed or in permitting review.

Another key factor that would help achieve the 50% goal is the implementation of aggressive domestic initiatives and policies, including Mexico’s Energy Transition Law and new Clean Energy Certificates, the US Clean Power Plan and five-year extension of production and investment tax credits, and Canada’s various actions to boost renewables generation.

The trio also intends to beef up and align efficiency standards across all three countries and to support research and demonstration initiatives involving clean technologies in the fields of smart grids and energy storage, methane emissions reduction, carbon capture, nuclear energy, and advanced heating and cooling.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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