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Canada's Biggest Clean Energy Deal | Winnipeg News
Description
A historic $10 billion federal clean energy deal is set to triple power output from Churchill Falls, enough to light up Toronto, Montreal, and Vancouver combined. Prime Minister Mark Carney, alongside premiers of Newfoundland and Labrador and Quebec, unveiled a new agreement that shifts power dynamics—boosting Newfoundland’s projected value from $36B to $49B—and giving the province control over whether to use or sell its energy. The revamped pact includes upgrades to existing infrastructure, potential expansions, and wind projects still in planning. Hydro-Quebec gains increased access at rising prices, while Ottawa also funds mining and transmission studies, unlocking Labrador’s broader resource potential.
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