$8 Million to Accelerate the Development of Clean Energy Projects

Tarquti Energies (“Tarquti”) welcomes the announcement by the Quebec government’s Ministry of Energy and Natural Resources (“MERN”) of $8 million to assist the Inuit in implementing the Nunavik energy strategy. This financial assistance promises to support all Nunavik communities until 2025 in their energy planning and the development of major clean energy projects throughout the territory.

“The financial support of the Quebec government is excellent news for all our communities that will benefit from various resources to promote the energy transition at the local level. Tarquti intends to work closely with the landholding corporations and cooperatives in each community to define their needs and support them in realizing small and large clean energy projects while promoting local employment. This is a great way to support local jobs, ‘said Andy Pirti, Tarquti’s Director of Business and Financial Affairs.

In concrete terms, the financial contribution from MERN will allow Tarquti to improve the equity, diversity, and inclusion of Inuit in the energy sector, increase their leadership and participation in renewable energy projects, and generate significant socio-economic benefits for all Nunavik communities.

“MERN’s financial contribution gives us the necessary impetus to strengthen our capacities and accelerate clean energy projects in Nunavik. I want to thank the professionals at the NERGICA research centre for their exceptional support in the application process and the engineering consulting firm HATCH for their expertise in the renewable energy sector. We are building trusting relationships with the best players in the clean energy field, and we are proud to collaborate with them to bring the energy movement to life in Nunavik” says Joe Lance, General Manager, Tarquti. Nunavik is an energy-rich region that remains 100% fossil-fuel dependent to this day. To fight climate change, the Quebec government has set a target of reducing GHG emissions by 37.5% from 1990 levels by 2030. In addition, it intends to reduce oil consumption by 40% from 2013 levels by 2030 and achieve carbon neutrality by 2050.