Energy & Power
40% of NB Power’s in-province sales to come from renewables
By Anthony Capkun
August 11, 2014 – The Government of New Brunswick says it is moving ahead on its commitment to ensure that a minimum of 40% of NB Power’s in-province sales come from renewable resources by 2020.
“Coupled with NB Power’s groundbreaking work on NB Smart Grid and in implementing new efficiency programs initiatives, the renewable portfolio standard will effectively ensure that our province reduces reliance on fossil-based generation in a manner that keeps rates low and stable for the foreseeable future, and better optimizes the investments we have made over generations in our provincial grid,” said Craig Leonard, energy and mines minister.
NB Power currently sources 30% of its in-province electricity demand from wind, biomass and hydro resources, says the province. Its new renewable energy target will include local and First Nations small-scale renewable projects, which will provide opportunities for non-profit organizations, associations, cooperatives and municipalities to develop renewable energy for the benefit of their communities, adds the government.
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