The package supports the Mactaquac hydro station and equipment that will improve stability on the provincial grid.
The Government of Canada announced nearly $270 million for two clean energy and energy security projects in New Brunswick.
A $219 million loan will support planning and rehabilitation of the 672 MW Mactaquac run-of-river hydroelectric station.
A further $50 million will finance a static synchronous compensator in Salisbury, strengthening grid stability and capacity to integrate more renewable energy.
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The programme’s largest single investment will support 61 tribal entities in 16 states, including electricity for 150 unserved homes.
New measures will support up to one million retrofits and heat-pump rebates for as many as 820,000 households.
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