Natural Resources Canada has announced funding of CAD40.5 million (US$32.44 million) for the 15 MW Clarke Lake geothermal project in the Province of British Columbia, Canada.
The project is wholly owned and Indigenous-led and it will develop one of the first commercially viable geothermal electricity production facilities in Canada. The Clarke Lake geothermal plant will produce up to 15 MW of electricity, which is equivalent to powering around 14,000 households. By replacing fossil-fuel generation in northeast British Columbia, it will reduce 25,000 tonnes of greenhouse gas emissions annually.
The project is expected to be completed by 2024.
Country updates
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March 10, 2021
Enbridge, Brookfield Renewable to build 20 MW water electrolysis hydrogen production plant in Outaouais
Evolugen, the Canadian operating business of Brookfield Renewable, and Gazifère Inc., an Enbridge company, have planned to build and operate an approximately 20 MW water electrolysis hydrogen p...
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February 19, 2021
Macquarie raises EUR1.6 billion for Renewable Energy Fund
Macquarie Infrastructure and Real Assets (MIRA) has raised more than EUR1.6 billion (USD1.93 billion) for investment in renewable energy with the final close of Macquarie Green Investment Group Renewa...
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February 19, 2021
Brookfield bids for Inter Pipeline
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February 16, 2021
Macquarie raises EUR1.6bn for renewable energy investment
Macquarie Infrastructure and Real Assets (MIRA) has raised more than EUR1.6 billion (US$1.94 billion) for investment in renewable energy with the final close of Macquarie Green Investment Group Renewa...
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February 12, 2021
Drax to buy Canadian biomass producer Pinnacle
Drax has agreed to acquire Pinnacle at a price of CAD11.30 (US$8.88) per share, valuing Pinnacle at CAD385 million (US$302.6 million). Drax already owns and operates wood pellet mills in the Southern...
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