The various levels of government in Canada all share the mentality that action taken to better the environment is in fact action taken to ensure the continued health of the economy. With a renewed commitment of $2.37 billion over four years for the clean technology industry1, each level of government will continue to commit funds to assist in the development of renewable energy projects that reduce the nation’s greenhouse gas emissions while also stimulating job creation.
In addition to funding programs, the momentum of renewable energy development is also propelled by major associations such as the Canadian Hydropower Association, the Canadian Solar Industries Association (CanSIA) and the Canadian Renewable Fuels Association (CRFA) that continue to advocate for the proliferation of renewables. Take a look at some of the initiatives available across the country:
ecoEnergy for Renewable Power – Launched in 2007, this nationwide initiative seeks to encourage the generation of electricity from renewable resources such as hydro, biomass, photovoltaics, wind and geothermal energy. projects with contribution agreements receive a one cent per kilowatt-hour (kWh) incentive for eligible production during their first ten years of operation. The program itself will end on March 31, 2021.
Green Heat – This program provides businesses in the Northwest Territories up to $15,000 per year to fund up the cost of developing renewable energy systems that reduce fuel use and the carbon footprint of remote locations.
Business Renewable Energy Fund – Launched in 2007, this nationwide initiative seeks to encourage the generation of electricity from renewable resources such as hydro, biomass, photovoltaics, wind and geothermal energy. projects with contribution agreements receive a one cent per kilowatt-hour (kWh) incentive for eligible production during their first ten years of operation. The program itself will end on March 31, 2021.
First Nations Clean Energy Business Fund – This program offers up to $500,000 in funding to First Nation governing bodies that require funding to undertake the financial analyses of potential project or the development of a clean energy project.
ecoEnergy for Renewable Power – The FCM’s Green Municipal fund provides funds to municipalities Canada undertaking pilot projects, capital project or feasibilities studies that directly relate to the reduction of greenhouse gas emissions and energy consumption. High-ranking projects may be eligible for a loan of up to $10 million combine with a grant for up to $1.5 million.
To find additional information about these initiatives and others across the country visit Natural Resources Canada’s ‘Grants and Financial Incentive’ Page
