The Smart Renewables and Electrification Pathways Program (SREPs) provides up to $964 million over four years for smart renewable energy and grid modernization projects. This program will significantly reduce greenhouse gas emissions by encouraging the replacement of fossil-fuel generated electricity with renewables that can provide essential grid services while supporting Canada’s equitable transition to an electrified economy. SREPs will provide direct financial support to eligible renewable energy and grid modernization projects during the construction phase. Projects must use market ready technologies and apply workplace equity, diversity, and inclusion components.
SREPs can support projects under the following streams:
- Established Renewables (examples: solar photovoltaic, onshore wind, small hydro).
- Emerging Technologies (examples: geothermal, energy storage).
- Grid Modernization (examples: micro-grids, virtual power plants, and hardware/software to enable grid services).
- A portion of SREPs funding will be reserved for Indigenous-led projects, which may qualify for higher levels of project support.
How to apply
Rolling intake of applications, and funding is first-come-first-serve, until March 31, 2025.
Eligible recipients are owners of Eligible Projects include:
- Legal entities validly incorporated or registered in Canada;
- Provincial, territorial, regional and municipal governments and their departments and agencies;
- Indigenous communities and governments, Tribal Councils, National and regional Indigenous councils or organizations, and Indigenous for-profit and not-for-profit organizations.