Smart Renewables and Electrification Pathways Program (SREP) - Critical Regional Priorities (CRP) Stream

• The project must be identified as a priority by a provincial or territorial government.
• The project must support the decarbonization of the electricity system through clean energy generation, energy storage, grid modernization, or transmission infrastructure.
• The project must demonstrate a need for funding beyond what is available through other federal financing and investment tax credits.
• Eligible pre-development activities must be linked to priority deployment projects identified by provincial or territorial governments.

Who is eligible?

• Provincial governments
• Territorial governments

Eligible expenses

• Costs for system impact studies, environmental assessments, and feasibility studies directly supporting project development.

Eligible geographic areas

• Provinces and territories in Canada.

There are evaluation and selection criteria for this grant. The criteria include:

• Decrease greenhouse gas emissions from Canada’s electricity system
• Increase the number of electricity system assets contributing to system reliability
• Generate economic and social benefits, including job creation and equity
• Increase renewable energy capacity or grid accommodation of renewable energy

• Continuous engagement with provinces and territories is ongoing to identify priority projects under the stream.
• SREPs CRP funding is reserved for projects that demonstrate a need beyond other available federal supports.
• Priority projects are identified and prioritized in collaboration with provincial or territorial governments.