Research into renewable energy will contribute to economic development
WHITEHORSE, March, 5, 2015 /CNW/ - Yukon MP, Ryan Leef, on behalf of, Minister Aglukkaq announced funding for research and development into potential renewable sources of natural geothermal energy in Yukon. The Government of Yukon, Department of Energy, Mines and Resources' Energy Branch will work in cooperation with the Yukon Geological Survey and the Canadian Geothermal Energy Association to develop maps and reports that will identify sources of renewable energy. This project will contribute to economic development and energy security in the territory.
- In addition to CanNor's funding of $126,000 over two years, the Government of Yukon is investing up to $18,000, and the Canadian Geothermal Energy Association is investing $13,150. With contributions from other funders, a total of $168,000 is being invested in this project.
- Newly developed maps will provide geological, geophysical, and environmental information to identify and evaluate geothermal energy potential in Yukon.
- Takhini Hot Springs is an example of a project in Yukon that successfully uses geothermal energy for heat and power and will be able to provide its existing data to help with the creation of this project.
"Our Government recognizes that reliable, secure, and affordable energy sources foster northern economic development and have the potential to create jobs, growth and long-term prosperity."
Member of Parliament for Yukon
"This project will build the knowledge base required for companies who have an interest in geothermal energy production. The initial mapping will significantly decrease the costs associated with geothermal exploration and help promote development of this renewable resource."
Minister of Energy, Mines and Resources, Government of Yukon
"This is a landmark opportunity for all that live and work in the Yukon. The Territory is now one step closer to realizing the potential that geothermal heat and power has for the economy, the environment, First Peoples, tax-payers and businesses."
Canadian Geothermal Energy Association
CanNor works to help develop a diversified, sustainable and dynamic economy across Canada's three territories, and delivers on its northern mandate through funding programs, the Northern Projects Management Office and by undertaking policy and research.
For more information about CanNor, visit cannor.gc.ca
For more information on Canada's Northern Strategy, visit: northernstrategy.ca
SOURCE Canadian Northern Economic Development Agency (CanNor)
For further information: Office of the Honourable Leona Aglukkaq, Ted Laking, 819-997-1441, Canadian Northern Economic Development Agency, Krisandra Reid, Communications Advisor, 867-667-3210, Government of Yukon, Department of Energy, Mines and Resources, Brigitte Parker, Communications, 867-667-3183, Canadian Geothermal Energy Association, Alison Thompson, Chair & Co-Founder, 403-801-6805