Canadian Prime Minister, Mark Carney, has announced a $70bn project to build one of the largest electricity projects in North America.

With an upgrade and expand the Churchill Falls Generating Station, development of the Gull Island hydroelectricity project and associated transmission lines the project represents the largest clean energy investment in North American history.

Together, these developments will deliver 14GW of renewable power as Canda seeks to place itself at the top tier of clean energy producers and is part of Canada’s National Electricity Strategy, which aims to double the capacity of its grid by 2050.

“Canada is extending its unique advantage in clean, reliable, and affordable power. Because when we master energy, we master our destiny. Through cooperative federalism, we are unlocking our immense potential, building big, building sustainably, building in partnership, and building Canada strong for all,’ Commented Carney.

The scheme will help supply the Labrador Trough mining region which holds significant sources of high-purity iron ore, a strategic asset for decarbonising global steel supply chains.
On clean energy, Canada already has the lowest residential electricity costs in the G7, the second-lowest industrial electricity costs in the G7 and the OECD, and the second-highest share of clean electricity generation in the G7. Approximately 80 per cent of Canada’s electricity generation is non-emitting.

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