(Financial Close)
Large-scale, renewable energy project
Renewall Energy to sell electricity directly to residents
Fast facts
We are supporting another sustainable wind energy project in Nova Scotia.
Our $206.4 million loan to Slate Asset Management and Hamilton Lane will support the development of a wind farm with electricity being sold directly to end customers in Nova Scotia.
The wind power project supports the Province of Nova Scotia’s emission reductions ambitions and reduce the financial strain on ratepayers as the province transitions to cleaner energy supply.
Benefits of the CIB’s involvement
The project falls within the CIB’s Clean Power sector, which supports developing more clean power generation.
CIB’s involvement is enabling a faster build out of the project at a lower cost to ratepayers, consistent with Nova Scotia’s commitment of achieving 80% of generation via renewable energy by 2030.
Learn more
Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of Slate Asset Management.
