Renewable Energy Jobs Fund (Manitoba, Canada)
Last modified on February 12, 2015.
|Applies to States or Provinces||Manitoba|
|Name||Renewable Energy Jobs Fund (Manitoba, Canada)|
|Policy Category||Financial Incentive|
|Policy Type||Public Benefits Fund|
|Affected Technologies||Geothermal Electric, Hydroelectric|
|Funding Source||Government of Manitoba|
To maximize the economic benefits of hydro investment and other renewable energy projects, Manitoba is establishing a new Energy Jobs Fund. The fund will assist companies manufacturing equipment for hydro dams, electricity transmission and other forms of renewable energy, and will build on the province’s manufacturing strengths and work toward attracting new investment by helping companies that have or establish a manufacturing presence in Manitoba to bid successfully on the estimated $18 billion in capital investments that Manitoba Hydro will be making over the next 10 years; and encouraging the expansion of made-in-Manitoba equipment used in geothermal, wind, next‑generation biofuels, biomass, solar, smart grid and other renewable energy initiatives. The primary role of the fund will be to offer an additional source of financing to renewable energy equipment manufacturers. The loan is another tool that complements existing tax credits, training support and grant programs to support manufacturers.