I would agree with you that when we see the number of indigenous-owned and co-owned projects across the country and how quickly they're growing today, we can see that there is some alignment when it comes to indigenous communities and businesses, and a desire to be involved in co-ownership of these large clean-energy projects.
We're tracking over 250 medium to large generation projects. Those are over one megawatt, and many of them are 100 megawatts and more. They're growing at a rate of almost 30% a year over the last three years, in addition to large transmission projects with ownership.
In terms of the possibilities, they are very high. Much of our programming has shifted to youth programming components, because youth are seeing this as a viable career opportunity. The very young in the communities see that indigenous-owned businesses and businesses owned by communities are investing heavily in these industries.
From where I sit, it's a major economic development opportunity that's available to indigenous communities in every jurisdiction in Canada, and one of the biggest that we've seen in a long time. I do see that the potential is very high.
Some of the challenges that have already been mentioned are things like stability over regulations. I'll just touch on one. Many indigenous partnerships are still waiting for the ITC rules to be released, which will help in terms of stability and security, because they're ready to move forward on these projects.
That's just one example where there is a real need to recognize the high level of indigenous investment that currently exists in the sector and the potential to bring a new skilled labour force, so we need to really prioritize the setting of those parameters.