|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Energy Sector>Electricity Generation>Renewable|
|Agency:||Natural Resources Canada|
The 14-year ecoENERGY for Renewable Power programme has invested roughly CAD1.5 billion to increase Canadas supply of clean electricity from renewable sources such as wind, biomass, low-impact hydro, geothermal, solar photovoltaic and ocean energy (wave and tidal). The objective of the ecoENERGY for Renewable Power programme was to help position low-impact renewable energy industries to make an increased contribution to Canadas energy supply, thereby contributing to a more sustainable and diversified energy future. The programme has provided a production incentive of CDN 1 cent per kilowatt-hour for up to 10 years for electricity generated from eligible renewable energy projects commissioned between April 1, 2007 and March 31, 2011, inclusive. The programme contributed to the installation of almost 4,460 megawatts (MW) of new renewable power capacity, of which wind power represented 3,518 MW, hydro 767 MW, biomass 94 MW and solar photovoltaic 80 MW.
Last modified: Mon, 04 Mar 2013 18:05:18 CET