Peel Region Chair Nando Iannicca and two federal cabinet ministers, Transport Minister and Mississauga Centre MP Omar Alghabra and Natural Resources Minister Jonathan Wilkinson, were part of the announcement on Wednesday. The total project cost is $1.6 million, with the region, City of Mississauga, Credit Valley Conservation and the Town of Caledon also chipping in toward the project. The federal government’s share is $525,000.
Within the framework of promoting the sustainable development of activities in the electricity subsector, the Ministry of Energy and Mines (MINEM) approved renewable energy projects whose investment exceeds US$3.85 billion for 9 photovoltaic plants and 4 wind plants, in addition to other projects. electrical (transmission lines, substations and rural electrical systems).
In his address at the Carbon Chamber Conference of the Abuja Chamber of Commerce and Industry, the Head of Climate Change and Energy West Africa, UK High Commission, Sean Melbourne, said the gradual shift to a low carbon economy would transform many sectors.
Equinor is also in talks with Korean companies to build the project’s wind turbines and cables from the ground up. Jacques-Etienne Michel, president of Equinor South Korea, said, “It’s a chance for Korea to be a first mover and to establish a new industry.”
The government has unveiled its new energy strategy for the UK. It plans to make 95% of electricity low carbon by 2030, and build up to eight more nuclear reactors on existing sites, to help tackle rising energy prices.