Advancing First Nations ownership of sustainable energy projects
Fast facts
The Deerfoot and Barlow Solar projects represent the largest solar installation in an urban centre in western Canada.
Located in southeast Calgary, the 64-megawatt solar energy facilities include two sites – the 37-megawatt Deerfoot site and the 27-megawatt Barlow site.
Through CIB financing and in partnership with ATCO Ltd., the project supports the energy transition and economic opportunities for the Chiniki and Goodstoney First Nations who benefit as majority owners.
This project represents the CIB’s first Indigenous Community Infrastructure Initiative (ICII) clean power investment to reach financial close in Alberta.
Benefits of CIB’s Involvement
Through the ICII, we are investing in projects which provide a service or direct benefit to Indigenous communities. Enabled by CIB financing, the Chiniki and Goodstoney First Nations’ 51% ownership profile of the project is expected to generate economic returns for both communities.