Newfoundland and Labrador Minister of Natural Resources Derrick Dalley and Ontario Minister of Energy Bob Chiarelli are seeking methods to import renewable energy from Newfoundland and Labrador into Ontario.
A new high-level working group that comprises provincial government officials, along with representatives from Newfoundland and Labrador's Nalcor Energy and Ontario's Independent Electricity System Operator, will undertake a thorough study of the potential for firm electricity trade between the two provinces.
The group will recommend trade opportunities solutions that will be mutually beneficial to Newfoundland and Labrador and to Ontario. As an example of such a collaboration, the 824 MW hydroelectric generating facility, currently being constructed, will significantly reduce greenhouse-gas emissions. As a part of the project, the Maritime Link project will connect Newfoundland with Nova Scotia and will help facilitate the development of transmission links between Newfoundland and Labrador and the Canadian and U.S. markets that require renewable energy.
The announcement comes directly following the Council of the Federation's recent agreement on the Canadian energy strategy, a demonstration of its commitment to strengthening the economy, creating jobs, ensuring a secure supply of energy for all Canadians, supporting energy innovation and addressing climate change. Ontario and Newfoundland and Labrador are working together in that spirit to examine options regarding clean electricity trading that would create mutual benefits for the two provinces.