Goose Harbour Lake Wind

The Goose Harbour Lake Wind project supports Nova Scotia’s transition to clean energy sources that will significantly reduce the province’s carbon emissions. The CIB’s investment and partnership with Port Hawkesbury Paper Wind Ltd., and Wskijinu'k Mtmo'taqnuow Agency Ltd. (WMA), will create more jobs and bring lasting economic benefits to the region.

We are in the midst of an energy transition in Nova Scotia, shifting away from fossil fuels toward clean, sustainable renewable energy such as wind. We have a unique opportunity to harness this low-cost resource to increase our energy security, support our green economy, create green jobs, and help us meet our net-zero emissions goal. We applaud Port Hawkesbury Paper for their contribution to these efforts with the Goose Harbour Lake Wind Farm investment, as well as their continued commitment to a sustainable forest sector in Nova Scotia.

Our investment in major projects like the Goose Harbour Lake Wind Farm, as well as continued capital upgrade projects and annual major maintenance programs are examples of where we want to grow and help the facility succeed for many years to come. We are excited and proud to be working with all our partners to advance this project which will not only contribute to our mission of making top quality competitive forest products, but at the same time be a great place to work and be an environmentally responsible and strong contributor to the province of Nova Scotia.

Our partnership with Port Hawkesbury Paper Wind and the Canada Infrastructure Bank on the Goose Harbour Lake Wind project represents not just an investment in renewable energy, but also a significant step towards empowering our Mi’kmaq communities. By acquiring a stake in this groundbreaking initiative, we are not only contributing to Nova Scotia's transition to sustainable energy but also supporting industry, creating jobs and fostering economic development in our region. This project embodies our commitment to balancing environmental responsibility with community growth, ensuring a brighter future for generations to come.

We are immensely proud of Stonebridge Financial’s role in arranging the construction, ITC bridge and long-term debt financing of the 168 MW Goose Harbour Lake Wind Farm.  In partnership with PHP, WMA, and CIB, we successfully navigated financial complexities to ensure the project's successful execution. This collaboration highlights our ongoing commitment to renewable energy and our ability to facilitate innovative financing solutions that contribute to a sustainable future.

The Goose Harbour Windfarm is a model example of each level of government using tools in their toolbox to encourage industry to advance a renewable energy project that will have an incremental impact on reducing our NS carbon footprint. We are proud to support Port Hawkesbury Paper in their efforts to be more sustainable, and we’re proud to have their project in the Municipality of the District of Guysborough. We all need to do our part in supporting projects that help to support the worldwide move to a more environmentally sound community for generations to come.