{"id":67178,"date":"2025-10-28T13:19:23","date_gmt":"2025-10-28T20:19:23","guid":{"rendered":"https:\/\/energi.media\/?p=67178"},"modified":"2025-10-28T13:19:23","modified_gmt":"2025-10-28T20:19:23","slug":"carney-ford-announce-3b-in-subsidies-for-darlington-nuclear-project","status":"publish","type":"post","link":"https:\/\/energi.media\/news\/carney-ford-announce-3b-in-subsidies-for-darlington-nuclear-project\/","title":{"rendered":"Carney, Ford announce $3B in subsidies for Darlington Nuclear Project"},"content":{"rendered":"<p><em>This article was published by <a href=\"https:\/\/www.theenergymix.com\/breaking-carney-ford-announce-3b-in-subsidies-for-darlington-nuclear-project\/\" target=\"_blank\" rel=\"noopener\">The Energy Mix<\/a> on Oct. 27, 2025.<\/em><\/p>\n<p><em><strong>By <a href=\"https:\/\/www.theenergymix.com\/author\/mitchellbeer\/\" target=\"_blank\" rel=\"noopener\">Mitchell Beer<\/a><\/strong><\/em><\/p>\n<p>The federal and Ontario governments have announced a combined $3 billion in new subsidies to support small modular nuclear reactor (SMR) development at the Darlington generating station east of Toronto.<\/p>\n<p>Ottawa will hand over $2 billion to the project via the Canada Growth Fund, while Ontario will come up with the other $1 billion through the Building Ontario Fund.<\/p>\n<p>The Darlington SMR was one of the five major \u201cnation-building\u201d projects on the initial priority list the federal government\u00a0<a href=\"https:\/\/www.theenergymix.com\/carney-unveils-60b-fast-track-projects-as-critics-warn-of-threats-to-democracy-and-environment\/\">released<\/a>\u00a0in mid-September.<\/p>\n<p>\u201cThis is a generational investment that will build lasting security, prosperity, and opportunities,\u201d Prime Minister Mark Carney\u00a0<a href=\"https:\/\/www.pm.gc.ca\/en\/news\/news-releases\/2025\/10\/23\/prime-minister-carney-announces-major-new-investment-power\">said<\/a>\u00a0in a Thursday morning release. \u201cWe\u2019re building big things to build Canada Strong.\u201d<\/p>\n<p>\u201cAs we navigate tariffs and global volatility, it\u2019s never been more important to create a more competitive, more resilient and self-reliant province that can withstand whatever comes our way,\u201d\u00a0<a href=\"https:\/\/news.ontario.ca\/en\/release\/1006638\/ontario-investing-1-billion-to-build-small-modular-reactors-at-darlington\">said<\/a>\u00a0Ontario Finance Minister Peter Bethlenfalvy. \u201cWe are investing in this nation-building project that will secure the clean, reliable energy our growing province needs while creating thousands of good-paying jobs for Ontario workers.\u201d<\/p>\n<p>In May, the Globe and Mail\u00a0<a href=\"https:\/\/www.theglobeandmail.com\/business\/article-ontarios-darlington-smr-project-to-cost-nearly-21-billion\/\">priced<\/a>\u00a0the first 300-mewgawatt SMR at Darlington at $7.7 billion and the entire project at close to $21 billion, \u201cwhich independent observers say is higher than necessary to spark widespread adoption.\u201d<\/p>\n<p>The Globe referred back to that history in its coverage of Thursday\u2019s announcement.<\/p>\n<p>\u201cNuclear reactors have a\u00a0<a href=\"https:\/\/www.theenergymix.com\/revival-interrupted-world-nuclear-industry-wont-sustain-2024-growth-struggles-for-relevance-as-renewables-surge\/\">long record of blowing budgets<\/a>\u00a0and taking far longer to construct than promised,\u201d the Globe\u00a0<a href=\"https:\/\/www.theglobeandmail.com\/business\/article-ottawa-ontario-darlington-nuclear-reactor-small-modular-reaction\/\">wrote<\/a>. \u201cThe Darlington SMR, which was originally planned for completion in 2028, has already suffered delays because regulatory approvals from the Canadian Nuclear Safety Commission arrived later than [Ontario Power Generation] expected.\u201d<\/p>\n<p>On Thursday, Carney \u201cdecried regulatory delays and said the\u00a0<a href=\"https:\/\/www.theenergymix.com\/carneys-major-projects-office-sidelines-indigenous-rights-leaders-say-as-ex-trans-mountain-ceo-takes-charge\/\">Major Projects Office<\/a>\u00a0will \u2018fast track\u2019 approvals,\u201d the news story adds.<\/p>\n<p>In May, the Globe said the Darlington project was being \u201cwatched closely by utilities around the world,\u201d with potential for follow-on business development in the United States, Britain, Poland, Estonia, and elsewhere. But the estimated cost of the project was \u201chigher than what independent observers argue are necessary to attract many more orders. For comparison, a recently completed 377-megawatt natural gas-fired power station in Saskatchewan cost $825-million.\u201d<\/p>\n<p>Ed Lyman, director of nuclear power safety at the Cambridge, MA-based Union of Concerned Scientists, called the Ontario estimate \u201can eye-popping figure, but not unexpected given what we know about the poor economics of small nuclear reactors.\u201d That would make the Darlington SMR facility \u201ca boutique unit that\u2019s going to produce electricity for a very expensive price.\u201d<\/p>\n<p>An independent study released in May by the Ontario Clean Air Alliance\u00a0<a href=\"https:\/\/www.cleanairalliance.org\/the-real-cost-of-new-nuclear\/\">found<\/a>\u00a0that the Darlington SMRs will cost up to eight times as much as onshore wind, almost six times as much as utility-scale solar, and 2.7 times as much\u00a0<a href=\"https:\/\/www.cbc.ca\/news\/science\/offshore-wind-great-lakes-1.7513207\">offshore wind in the Great Lakes<\/a>\u00a0after factoring in federal tax credits.<\/p>\n<p>\u201cIt remains unclear how this, and the province\u2019s larger nuclear expansion program, will actually be paid for,\u201d Mark Winfield, co-chair of York University\u2019s Sustainable Energy Initiative, told\u00a0<em>The Energy Mix\u00a0<\/em>at the time. \u201cPutting this on the rate base means higher rates for Ontario electricity consumers, even if the costs are as claimed.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>This article was published by The Energy Mix on Oct. 27, 2025. By Mitchell Beer The federal and Ontario governments have announced a combined $3 billion in new subsidies to support small modular nuclear reactor <a class=\"mh-excerpt-more\" href=\"https:\/\/energi.media\/news\/carney-ford-announce-3b-in-subsidies-for-darlington-nuclear-project\/\" title=\"Carney, Ford announce $3B in subsidies for Darlington Nuclear Project\">[Read more]<\/a><\/p>\n<\/div>","protected":false},"author":6,"featured_media":67180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"give_campaign_id":0,"footnotes":""},"categories":[1],"tags":[13,2987,1085,2988,2012],"class_list":{"0":"post-67178","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-canada","9":"tag-canada-growth-fund","10":"tag-nuclear-energy","11":"tag-small-nuclear-reactors","12":"tag-smr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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