Canada Growth Fund: Continued Investment in Canada’s Low-Carbon Future

Since launching in 2023, the Canada Growth Fund (CGF) has allocated approximately $6 billion* of its planned $15 billion for projects driving Canada’s low-carbon economy.

An announcement last week detailed a $2 billion allocation to the Darlington New Nuclear Project, CGF’s 15th investment, supporting the construction of four grid-scale small modular reactors in Ontario.

From nuclear power and energy storage to geothermal and carbon capture projects, CGF investments are helping scale the technologies shaping Canada’s sustainable growth story.

*If all stated goals are met and options are exercised.

Note: Varme was originally awarded to Gibson Energy and Varme. Gibson has since announced it will not be proceeding. The funding amount reflects what was announced at the time.