On April 1, through the Green Transition Fund, the Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology, announced $740,000 to support seven green projects throughout the province.
Through the expression of interest process, seven new projects have been approved for funding. These include:
- Ever Green Environmental Corporation - $120,310
- Fisheries and Marine Institute of Memorial University - $114,425
- Newfoundland Adventures Limited - $97,000
- Nunacor Development Corporation - $131,500
- Oceans Advance - $93,200
- Pedego Ebikes - $18,243
- Qalipu Development Corporation - $165,452
Information related to the projects can be found in the backgrounder.
The Green Transition Fund aims to propel the development of environmentally sustainable business practices and clean technologies in the province and position Newfoundland and Labrador as a leader in the global green transition. This fund supports the greening of commercial operations, research and development, manufacturing and extractive resource development, and other areas that help transition to a greener economy.
There has been significant interest shown for the Provincial Government's Green Transition Fund with over $4.9 million in funding approved. To date, throughout the province there have been 27 projects approved and 23 are currently under assessment by the department. This funding has leveraged significant investment from the Federal Government and private sources.
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"We are pleased to see continued interest in the Green Transition Fund with a number of innovative projects being undertaken. Our government recognizes the importance of supporting local businesses and organizations through the global green transition. This support with have a positive impact on our economy and contributes to Newfoundland and Labrador's strong position in the green economy."
Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology
Learn more
- Green Transition Fund
- Provincial Government Invests in Initiatives Through Green Transition Fund
- Significant Interest in Green Transition Fund Results in Project Approvals and Second Expression of Interest
- Government of Newfoundland and Labrador Announces First Two Projects from Green Transition Fund
- Provincial Government Launches New Green Transition Fund
Backgrounder : Projects approved to receive funding from the Green Transition Fund
For more information
Prince Phillip Drive
St. John's Newfoundland
Canada A1B 4J6
www.gov.nl.ca
