Federal Government announces significant investments in Nova Scotian clean energy initiatives
On July 21, 2022, the Federal government announced a new investment of up to $255 million for clean energy initiatives in Nova Scotia.
The funds will be allocated in two parts. First, a maximum $125 million will be devoted to new wind energy projects across the province. Second, up to $130 million will be made available for Nova Scotia Power to install four grid-scale batteries across the province, which will store clean energy.
Together, these initiatives will provide clean renewable energy to an estimated 350,000 homes, facilitate de-carbonization, and support development of one of the largest battery systems in North America.
Lawyers in our Energy group will continue to assess the impacts of funds related to this announcement, and future client updates will follow.
This update is intended for general information only. If you have any questions on the above we would invite you to contact the authors or any other member of our Energy Group.
Click here to subscribe to Stewart McKelvey Thought Leadership.