Canada Commits $1 Billion to Expand Clean Energy in New Brunswick

New federal investments aim to decarbonize New Brunswick's grid, support Indigenous-led projects, and create affordable, reliable power for thousands of homes and businesses.

The Government of Canada announced over $1 billion in funding to support clean energy projects in New Brunswick, including Indigenous-led wind power initiatives capable of generating up to 670 megawatts of electricity.
A $25 million investment will support the Neweg Energy wind project, a partnership with New Brunswick Mi’kmaq First Nations, while $500,000 will provide technical support to seven Mi’kmaq Nations for clean energy participation.
Funding includes $25 million for predevelopment of small modular reactors (SMRs) at the Point Lepreau Nuclear Generation Station and $1.3 million for planning the Atlantic Loop transmission line with Nova Scotia.
The Belledune Generating Station will transition from coal to biomass, supported by $1.6 million for engineering studies and planning, advancing the province's commitment to phase out coal by 2030.
The investments are part of a broader federal-provincial collaboration to decarbonize New Brunswick’s power grid while ensuring affordability, reliability, and economic growth through clean energy.