The government of Canada will invest up to C$28.6 million over 10 years in the Caribou Wind Park through the ecoENERGY for Renewable Power program. The project is located in New Brunswick.
The Caribou Wind Park, operated by GDF SUEZ Energy North America, consists of 33 wind turbines with a total generating capacity of 99 MW. This park is GDF SUEZ's first power-generation project in the province.
‘Now, in our third wind-facility partnership with ecoENERGY, it is clear that industry and government working together is not only valuable but necessary for the success of building new energy projects, especially those in the renewables sector,’ says Paul Cavicchi, executive vice president of business development for GDF SUEZ Energy North America.
The C$1.5 billion ecoENERGY for Renewable Power program provides a C$.001/kWh incentive, with the goal of increasing Canada's renewable electricity capacity by more than 4,000 MW. Canada's Economic Action Plan builds on this investment with an additional C$2.4 billion to support the development and deployment of cleaner energy technologies and supporting infrastructure.
SOURCE: Natural Resources Canada