New Brunswick Takes Another Step Toward Small Renewable Energy Projects
FREDERICTON – The New Brunswick government posted draft regulations on its website today for a program that will allow municipalities, universities, co-operatives, not-for-profits and aboriginal communities to develop small renewable energy projects.
The Locally-owned Renewable Energy Projects that are Small Scale (LORESS) is aimed at creating new sources of renewable electricity to serve the province’s demand for energy. The program will be developed by NB Power once the regulations are completed. The program will help the province achieve its commitment to see 40 per cent of its in-province electricity sales come from renewable energy by 2020.
The draft regulations include details on the following:
- First Nations projects;
- projects for local entities;
- maximum megawatts allowed for each project;
- types of renewable generation projects; and
- partnerships.
“This forward-thinking initiative will help us create jobs and grow the economy in a sustainable way,” said Energy and Mines Minister Donald Arseneault.