While U.S. lawmakers determine whether or not to provide tax incentives for renewable energy. The Canadian government is taking a more direct approach.
Under its $1.48 billion ecoENERGY for Renewable Power initiative, announced last January. Canada will provide more than $53 million in funding, over ten years to Prince Wind Energy Farm, the largest wind energy project in the nation.
The Prince Wind Energy Farm, situated on 20,000 acres of land northwest of Sault Ste. Marie. The wind farm’s 126 turbines are capable of generating up to 189 megawatts (MW) of clean, renewable power, enough to power nearly 40,000 homes.
The government’s ecoENERGY program will provide the funding to ensure that renewable energy generated at the wind farm can be delivered at competitive prices for Canadian consumers.
“We need energy to power our economy, and we need clean energy to protect our environment – that’s a priority for our government and the foundation of our practical, balanced approach to climate change,” said Tony Clement, Minister of Health and Minister for the Federal Economic Development Initiative for Northern Ontario. “By investing in projects like this one, we are making sure that clean, renewable power from the wind, the sun and the tides will form an increasingly important part of our energy mix for the future.”
Businesses, municipalities, institutions and organizations are eligible to apply for funding under ecoENERGY for Renewable Power, announced by the Government in January 2007. The initiative provides $1.48 billion to increase Canada’s supply of clean electricity from renewable sources such as wind, biomass, low-impact hydro, geothermal, solar photovoltaic and ocean energy. It will encourage the production of up to 4,000 MW of new electricity from renewable energy sources – enough electricity to power about one million homes.
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