Optimizing Port Hawkesbury Paper Mill’s operation while reducing greenhouse gas emissions
With support from the Province of Nova Scotia, the Mill and IFE are evaluating the potential development of a 112-megawatt wind farm, comprised of 28 four megawatt wind turbines, 15 kilometres of overland transmission lines and two kilometres of subsea cables.
Fast facts
The Pirate Harbour Wind Farm will reduce the Mill’s reliance on fossil fuels for energy, decreasing greenhouse gas emissions. The project adds clean, renewable energy generation to Nova Scotia’s main transmission system and will help optimize the Mill’s operations.
The Mill is the largest industrial employer in the region and will continue to contribute to the economic prosperity of the province.
Our role as an advisor means that our team of experts will conduct analysis, review the project’s estimated costs and revenues, explore financing options, assess environmental, social and economic benefits. We will potentially invest in the project, pending due diligence and decision-making by our Board.
Benefits of CIB involvement
We will advise on the development of the wind farm by Port Hawkesbury Paper and IFE Project Management Canada, which includes project due diligence and financial modelling.
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