Alberta-based nonprofit Climate Change and Emissions Management Corp. (CCEMC) has announced more than C$46 million in funding for eight renewable energy projects, including C$10 million for a wind farm. According to CCEMC, the eight projects have a combined value of nearly C$390 million.
‘Renewable energy is now the largest part of the CCEMC portfolio,’ comments CCEMC Chair Eric Newell. ‘With growing global energy demand, it is critical that we continue to reduce greenhouse gas emissions. Renewable energy will play an important role in helping Alberta to reach emissions reduction goals and transition to a lower carbon future.’
CCEMC is providing C$10 million in funding to the 300 MW Blackspring Ridge Wind Project, located in Vulcan County, Alberta. The wind farm, currently under construction, is a 50/50 venture between EDF EN Canada and Enbridge. The project will include 166 Vestas V100-1.8 MW wind turbines and is slated to reach commissioning in summer 2014.
Waste-to-energy, solar and battery energy storage projects were also among those that received investments from CCEMC's seventh round of funding. Thus far, the group says it has committed funding to 51 projects valued at nearly C$1.3 billion.