For Immediate Release
November 18, 2021

econext has submitted a series of 36 recommendations for the Government of Newfoundland and Labrador to consider in the development of a new renewable energy plan.

“Newfoundland and Labrador has what the world needs,” said Kieran Hanley, econext’s Executive Director. “We have a wealth of undeveloped renewable energy resources that can help sectors and nations meet their environmental objectives and commitments.”

Hanley said that up until now the options for development within the province have been limited, but the increasing demand for clean energy in both electricity grids and industrial activity – along with the prospect of using renewables for the production and export of clean fuels – “opens new doors for us”.

“Discussions around concepts like net zero, energy transition, decarbonization, green jobs, and so on… are intensifying and accelerating rapidly worldwide,” said Hanley. “From hydro, to wind, to wave – we have excellent resources to offer, and so the simple question becomes: how do we get what we have to the people that need it?”

Hanley said that the economic growth and diversification potential for Newfoundland and Labrador associated with the growth of the renewable energy sector could not be understated. “We have before us an enormous opportunity to fundamentally change our economy,” said Hanley.

Following a series of meetings and engagements with renewable energy developers, suppliers, providers, and other stakeholders throughout October and November, one theme consistently emerged. “In order for Newfoundland and Labrador to meet its potential, we have to find ways for industry to get more involved in the planning and development of renewable energy” said Hanley, noting that how the province regulates the sector will need to change.

“Should we seize the moment, econext believes that the future is bright for Newfoundland and Labrador – but it will require vision and bold steps forward.” Hanley said he hopes that econext’s recommendations are valuable in helping the provincial government create that vision.

econext is an association of businesses that accelerates clean growth in Newfoundland and Labrador. econext works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

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Media Contact
Kieran Hanley, Executive Director, econext
kieran@econext.ca

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