Smart Renewables and Electrification Pathways Program

Building the backbone of Canada’s clean economy

Electricity is central to our everyday lives and the backbone of our economy. Decarbonizing and expanding our electricity system is essential to capitalizing on Canada’s clean energy potential in supporting a global low-carbon economy. The Smart Renewables and Electrification Pathways Program (SREPs), launched in 2021, supports the deployment of clean electricity infrastructure – wind turbines, solar panels, batteries and other technologies necessary for maintaining a reliable, affordable and decarbonized electricity system

Program results to date

SREPs has achieved the following as of May 31, 2024:

• Since 2021, SREPs has approved funding for 71 deployment projects, enabling the deployment of approximately 2,700 megawatts of new renewable energy capacity which will displace over 3.5 megatonnes of CO2e per year.
• 43 approved deployment projects have Indigenous ownership, representing over $826 million in program contributions and an estimated 15,800 job-years.
• SREPs has approved funding for 21 energy storage and grid modernization projects, to better prepare the grid for a transition to a net-zero electricity system. These projects will deliver grid services, enabling utilities to develop new operational processes and allow higher levels of renewable energy generation by using intermittent renewables to provide non-energy services historically provided by fossil-fuel generators.
• The program has approved 71 capacity building projects totaling over $102 million in funding.
• All approved deployment projects include an equity, diversity, and inclusion (EDI) plan or a public EDI commitment.