Canada to invest more in renewable energy

Sep 24, 2005 02:00 AM

Canadian Prime Minister Paul Martin promised to invest more and make Canada a major producer of renewable energy.
Martin made the commitment as he toured the site of the new Canadian Wind Energy Institute at North Cape, a blustery village at the north-western tip of Prince Edward Island.

Ottawa announced an investment of C$ 3.6 mm ($ 2.9 mm) to establish the institute and C$ 1 mm ($ 800,000) annually for its operation.
"Clearly if you take a look at the energy demand of the world, we've got to do a lot more, and we intend to do a lot more," Martin said.

Canada's hydro projects provide 60 % of its power. But wind energy is the fastest-growing form of electricity production in the country. Through the Wind Power Production Incentive, a total of 13 wind farms have been established in the country. Canada 's total wind-power capacity has reached 552 MW.
The country is planning to invest at least C$ 920 mm ($ 740 mm) in promoting wind power over the next 15 years, increasing its production target to 4,000 MW by 2010.

Source: Xinhua
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