Thursday, February 24, 2011

Ontario to Award $3-Billion to Renewable Energy (Canada)

The Ontario government will announce on Thursday that it is awarding roughly $3-billion in renewable-energy projects to dozens of companies, ranking it one of the province’s biggest investments of its kind.

The wind, solar and hydroelectric projects will provide enough electricity for about 200,000 households, a government source said. Energy Minister Brad Duguid plans to unveil the projects at a news conference at the provincial legislature. The projects will create about 7,000 direct and indirect jobs, and provide much-needed certainty for the nascent energy sector.

Source: Offshore Wind

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