Canada makes milestone clean energy investment in New Brunswick to drive economic and energy security and enhance climate competitiveness

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Announcement

The world is changing rapidly. Global trade is upended, wars are ongoing in Europe and the Middle East, artificial intelligence is scaling at speed, and climate change is intensifying. In response, Canada is focused on what we can control: building a prosperous, secure and sustainable Canadian economy. Central to this mission is supplying and controlling our own energy. A reliable, affordable and clean electricity system keeps families’ bills affordable, makes Canadian businesses more competitive and will build a more secure and sustainable Canada for the long term.

October 13, 2026                                    Mactaquac, New Brunswick                                            Natural Resources Canada 

The world is changing rapidly. Global trade is upended, wars are ongoing in Europe and the Middle East, artificial intelligence is scaling at speed, and climate change is intensifying. In response, Canada is focused on what we can control: building a prosperous, secure and sustainable Canadian economy. Central to this mission is supplying and controlling our own energy. A reliable, affordable and clean electricity system keeps families’ bills affordable, makes Canadian businesses more competitive and will build a more secure and sustainable Canada for the long term. 

That is why, today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced an investment of almost $270 million for clean and reliable energy in New Brunswick. This includes:

  • Mactaquac Generation Station is New Brunswick’s largest renewable energy asset and NB Power’s largest hydroelectric facility. The 672-megawatt (MW) run-of-river station supplies 30 percent of the province’s renewable energy requirements and 20 percent of its peak electricity demand.
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    October 13, 2026 13:02
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