BC Invests $32.6 million in Renewable Energy

Thursday, May 21, 2009

In Canada, the British Columbia provincial government pledged $32.6 million to support the commercial development at 27 different renewable energy projects. The Innovative Clean Energy (ICE) Fund awarded $22.6 million to 19 projects, while the government awarded an additional $10 million to eight biofuels projects including cellulosic ethanol, biodiesel, and advanced biofuel technologies. The province has set a 5 percent biofuels mandate to take effect in 2010, and provincial leaders said that the grants would support job creation as well as a local clean energy industry.

The biggest biofuel project is the proposed $60 million Peace Biofuels Ltd. biodiesel plant to be constructed in Dawson Creek, B.C. The government's contribution to the project is $2 million. more...

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