Canada to invest
more in renewable energy
Sep 25, 2005 - Xinhua English Newswire
Canada to invest more in renewable energy
OTTAWA, Sept. 24 (Xinhua) -- Canadian Prime Minister Paul Martin on
Saturday 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
northwestern tip of Prince Edward Island.
On Friday, Ottawa announced an investment of 3.6 million Canadian
dollars (2.9 million US dollars) to establish the institute and 1
million Canadian dollars (800,000 US dollars) 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
Saturday.
Canada's hydro projects provide 60 percent 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 megawatts.
The country is planning to invest at least 920 million Canadian
dollars (740 million US dollars) in promoting wind power over the next
15 years, increasing its production target to 4,000 megawatts by 2010.
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