News Release
Vancouver, British Columbia- There was some good news for the renewable energy sector contained in the 2010 provincial budget delivered by British Columbia’s Finance Minister Colin Hansen announced the creation of a new 100 million dollar climate action and clean energy fund that is meant to encourage ongoing development of clean transportation choices and support future growth of alternative energy including biomass, run-of-river and other forms of clean power.
“We are pleased to see that the provincial government is continuing to keep its commitment to support growth in the green energy sector in British Columbia now and into the future,” says Syntaris Power Corp. President and CEO Robert Fraser. “This is another important step in ensuring that BC will remain attractive to those wanting to invest in renewable energy,” Fraser adds.
The new clean energy funds are expected to become available once the province’s Clean Energy Act is tabled. The new Clean Energy Act is meant to encourage new investments in independent power production while strengthening BC Hydro. It is expected to provide for fair, predictable, clean power calls and simplify procurement protocols and institute new measures to encourage investment and create jobs.
Click here to view the complete text of Finance Minister Colin Hansen’s budget speech.
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