What You Need to Know
Today, Prime Minister Mark Carney, alongside the Premiers of Quebec and Newfoundland and Labrador, announced a historic agreement to upgrade and expand the Churchill Falls Generating Station and develop the Gull Island project and related transmission, building one of the largest electricity projects in North America.
As part of this agreement, the federal government will provide $10 billion in federal financing to:
Upgrade and expand the Churchill Falls Generating Station.
Develop the massive Gull Island hydroelectricity project.
Unlock co-investment opportunities with the Innu of Labrador in a major new Labrador onshore wind project.
Build associated transmission lines.
Together, these projects represent the largest clean energy investment in North American history, at nearly $70 billion. They will generate 14,000 megawatts of clean, renewable power – nearly tripling the current generating capacity of Churchill Falls. They will generate enough power to light, heat and cool all the homes in Toronto, Montréal, and Vancouver combined.
In a more dangerous and volatile world, we’re choosing to build clean, affordable, and reliable energy systems, in partnership with all Canadians, for all Canadians.
