Clean Energy Fund Renewable Energy and Clean Energy Systems Demonstration Projects
The Clean Energy Fund, part of the Government of Canada’s Economic Action Plan (Budget 2009), will invest almost $1 billion over five years in research, development and demonstration projects to advance Canadian leadership in clean energy technologies.
This includes large-scale carbon capture and storage demonstration projects as well as these smaller-scale demonstration projects of renewable and alternative energy technologies. Three carbon capture and storage projects have already been announced, totalling $466 million from the fund.
Nineteen successful projects have been selected in response to a call for proposals under the Renewable and Clean Energy portion of the Clean Energy Fund. Up to $146 million will be invested over five years in these projects to support renewable, clean energy and smart grid demonstrations with evidence of collaboration among partners and the potential to reduce barriers to technology implementation.
The Government of Canada will now invite the project proponents to begin negotiations toward formal contribution agreements to set the conditions under which funding will be delivered. The funding amounts are expected to range from $2.5 million to $20 million for each project. However, until a written contribution agreement is signed by both parties, no commitment or obligation exists on the part of the Government of Canada to make a financial contribution to these projects.
