CleanTechnica•2 months ago
A Second Golden Spike for an Electrified Canada: Using Carney’s Budget to Link the Provinces
- •Canada introduces a 15% refundable Clean Electricity Investment Tax Credit (CEITC) applicable to new clean electricity generation, storage, and inter-provincial/territorial transmission projects.
- •This policy aims to establish a national electricity backbone, significantly reducing capital costs for eligible infrastructure and enhancing project economics for developers and IPPs.
- •The CEITC incentivizes critical transmission links, potentially leading to more efficient power markets, improved grid reliability, and optimized resource utilization across Canadian provinces for large power consumers.
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