Canada Infrastructure Bank - Growth Plan - clean power investment

Through the Canada Infrastructure Bank (CIB) Growth Plan, CAD 2.5 billion has been allocated for clean power projects to support renewables generation and storage, and to transmit clean electricity between provinces, territories, and regions, including northern and Indigenous communities. 

 

This spending, as with other CIB packages, has an emphasis on public-private partnerships. It is estimated CIB Growth Plan Measures together will create approximately 60,000 jobs across the country.

It has specifically set aside $500M to help remove barriers to zero-emission vehicle adoption, through the Charging and Hydrogen Refuelling Infrastructure Initiative as well as $500M in loan financing for priority sectors, which includes front-end engineering and design (FEED) expenditures for hydrogen production projects, through the Project Acceleration Program.  

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