“Manitoba is a leader in renewable energy, with major investments in hydro, wind, geothermal heating and bio-energy,” Selinger said.
The C$30 million fund will be used to promote renewable energy businesses across Manitoba, Selinger said. The fund will support companies that create manufacturing equipment for hydro dams. The program also intends to help with the further expansion of made-in-Manitoba equipment used for wind, solar, geothermal, and biomass, along with smart grid technologies and other renewable energy enterprises, Selinger said.
The new loan program gives companies within the province of Manitoba another tool besides various tax credits, training, and grant programs for manufacturers to further Manitoba’s upward renewable energy potential, Selinger said.
The news of the new fund will be a boon to companies that look to create further renewable energy business within the Keystone province.
“CG Power Systems Canada Inc. (CG) is encouraged by the establishment of the Energy Jobs Fund and Energy Opportunities office, especially at a time when CG is planning to increase its market presence in North America,” said Ian Harrison, vice-president of sales and development for Canada and the northern United States for CG Power Systems Canada Incorporated.
The New Energy Jobs Fund act will go through the Manitoba legislature during the session. The legislation will offer the administrative framework that will allow for an Energy Opportunities office to be created that will allow businesses access to the new fund, Selinger said in the press release.
The New Energy Jobs Fund announcement is the second major renewable energy announcement within the province of Manitoba this year, besides the Manitoba Biomass Energy Support Program (MBESP) announced in January.
Photo Source: 50by30.org
A University of Winnipeg graduate who received a three year B.A. with a combined major in Economics and Rhetoric, Writing & Communications. Currently attempting to be a freelance social media coordinator. My eventual goal is to be a clean tech policy analyst down the road while I sharpen my skills as a renewable energy writer. Currently working on a book on clean tech and how to relate it to a broader audience. You can follow me on Twitter @adamjohnstonwpg or at www.adammjohnston.wordpress.com