The Canadian Wind Energy Association (CanWEA) Pleased with Extended Support for Clean Energy Investments

Canwea

Robert Hornung, President of the Canadian Wind Energy Association (CanWEA) made the following statement following the release of the 2018 Federal Budget.

“The Canadian Wind Energy Association commends the federal government for extending the ability of investors to utilize Class 43.2 of the Income Tax Act by five years, from 2020 to 2025.

This fiscal measure allows investors to accelerate deductions of eligible capital costs associated with clean energy generation. This helps renewable energy developers to lower their costs, benefitting ratepayers as Canada strives to meet its climate change targets through increased use of non-greenhouse gas emitting electricity generation like wind energy.

Combined with other measures and policies that have been implemented by the federal government, this announcement is supporting Canada’s transition to a low carbon future.”

https://canwea.ca/news-release/2018/02/27/federal-budget-2018/

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