The Squamish Nation is set to tap into a local independent power project.
Last summer, the nation signed onto a revenue-sharing agreement through B.C.'s First Nations Clean Energy Business Fund that enables the organization to share provincial income from the Skookum Creek Power project.
The 25-megawatt run-of-the-river project is being constructed by Concord Green Energy and Run of River Power Inc. 12 kilometres east of Squamish. The project will generate enough power for approximately 8,400 homes and offset up to 71,00 tonnes of carbon dioxide compared to coal-fired turbine power generation, stated a press release.
Once operating, Squamish Nation officials estimate the nation will earn approximately $78,000 per year over the life of the project.
"These are progressive times when the Crown and Nations come together to share revenue from resources throughout the province," said Squamish Nation Chief Ian Campbell. "The spirit of these agreements reflect the willingness to work together and build relationships."
Skookum Creek Power Project will provide clean carbon-free energy for the province, West Vancouver-Sea to Sky MLA Jordan Sturdy said. It will "create economic opportunities for the Squamish Nation and the entire community," he said.
