Canada Invests $81 Million in Biodiesel, Wind Ventures

John Davis

The Canadian government is putting about $81 million in a couple of wind and biodiesel ventures.

This Reuters article says the money will be spent over the next decade in Quebec:

The government announced a C$65 million injection over 10 years in two wind farms in the Gaspe region in Eastern Quebec.

The two farms, Carleton and L’Anse-a-Valleau, are owned by Cartier Wind Energy Inc and are capable of producing enough electricity to power up to 60,000 homes.

The funds come from the government’s C$1.5 billion ecoENERGY for Renewable Power program.

Earlier on Tuesday, Natural Resources Minister Christian Paradis also announced a C$18.79 million investment over seven years in biofuel producer Biocardel Quebec Inc.

Biocardel will make about 10 million gallons a year of biodiesel from converted vegetable or cooking oil or animal fat for sale in Canada and the U.S.

Biodiesel, Government, Wind