OTTAWA — The Government of Canada has launched a $964 million program to support smart renewable energy and grid modernization projects.
The Smart Renewables and Electrification Pathways Program (SREP) was launched by federal Minister of Natural Resources Seamus O’Reagan Jr. during the Canadian Electricity Association’s virtual regulatory forum titled Electricity Regulation and the Four Disruptors — Decarbonization, Decentralization, Digitalization and Democratization.
The program will focus on projects using non-emitting, cleaner energy technologies such as storage and modernizing electricity system operations. Clean energy technologies include wind, solar, storage, hydro, geothermal and tidal.
“Our new Smart Renewables and Electrification Pathways Program will increase our grid’s renewable capacity and improve its reliability and resiliency. This means a cleaner, more reliable electricity supply for Canadians. This is how we get to net zero by 2050,” O’Reagan said in a statement.
The launch also coincides with Canadian Environment Week, which began in 1971 and celebrates Canada’s environmental accomplishments and encourages Canadians to contribute to conserving and protecting the environment.
A government release stated through SREPs and other programming “the government is working with provinces and territories, utilities, Indigenous partners and others, including diverse businesses and communities, to deliver these clean and reliable energy initiatives.”
A webpage has been launched for stakeholders with a comprehensive guide for eligible projects.