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Canada Invests In Quebec Wind And Biodiesel

Date: 15-Sep-10
Country: CANADA
Author: Nicole Mordan

The Canadian government will invest nearly C$84 million ($81 million) in two clean energy ventures in the province of Quebec over the next decade, it announced on Tuesday.

The government announced a C$65 million injection over 10 years in two wind farms in the Gaspe region in Eastern Quebec.

The two farms, Carleton and L'Anse-a-Valleau, are owned by Cartier Wind Energy Inc and are capable of producing enough electricity to power up to 60,000 homes.

The funds come from the government's C$1.5 billion ecoENERGY for Renewable Power program.

Earlier on Tuesday, Natural Resources Minister Christian Paradis also announced a C$18.79 million investment over seven years in biofuel producer Biocardel Quebec Inc.

Biocardel will produce about 40 million liters of biodiesel a year.

The biodiesel will be made from converted vegetable or cooking oil or animal fat and will be sold to diesel producers in Quebec, the Atlantic provinces and possibly the United States.

(Reporting by Nicole Mordant; Editing by Peter Galloway)

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