Weavers Mountain Wind

Sector(s)

Clean Power, Indigenous Infrastructure

Location(s)

Antigonish and Pictou counties, NS

Participation

$117.4 million
(under construction)

Partner(s)

Glooscap First Nation, SWEB Development, Desjardins Group

Sector(s)

Clean Power, Indigenous Infrastructure

Location(s)

Antigonish and Pictou counties, NS

Participation

$117.4 million
(under construction)

Partner(s)

Glooscap First Nation, SWEB Development, Desjardins Group

CIB supports fourth wind project in Nova Scotia

Wind farm joint venture will be majority owned by Glooscap First Nation

A large wind turbine stands above the clouds

Two wind turbines in operation on a clear day at sunrise in Martock Ridge, N.S.

Government of Nova Scotia

Developers and industry are seeing the opportunity for large-scale wind projects in Nova Scotia. With the Weavers Mountain project, the Mi’kmaq of Nova Scotia and industry are partnering to bring green jobs, help stabilize electricity rates and add more clean electricity to our grid. Advancing wind projects like this one is how we use our natural resource to our best advantage.

Hon. Trevor Boudreau

SWEB Development

SWEB Development, in partnership with Glooscap First Nation, is proud to support Canada and Nova Scotia’s emission reduction goals through the Weavers Mountain Wind Energy Project. This initiative demonstrates how collaboration can drive clean, affordable electricity solutions. We appreciate the support of the CIB, Natural Resources Canada, and the Desjardins Group in turning this vision into a reality. Projects like Weavers Mountain are key to lowering energy costs, boosting the local economy, and creating jobs for Nova Scotians.

Rory Cantwell, Chief Executive Officer

Desjardins Group

This project marks another step forward in Canada’s clean energy transition. When we look for financing opportunities, we want to encourage sustainable development and empower communities across the country. Weavers Mountain Wind will reduce greenhouse gas emissions, develop important community partnerships and create jobs for Nova Scotia’s economy. Together, we are building a greener, more resilient future for Nova Scotia and beyond.

Guy Cormier, President and Chief Executive Officer

Fast facts

Weavers Mountain will generate 94.4 MW of clean, renewable power

Desjardins Group to provide $105.6 million credit facility

Estimated to create approximately 150 jobs during construction phase

Wind farm to be majority owned by Glooscap First Nation

We are investing in our fourth wind project in Nova Scotia.

The CIB’s $117.4 million loan to project partners Glooscap First Nation and SWEB Development will support the construction of 16 wind turbines that will generate 94.4 megawatts of clean electricity.

The wind project will result in an annual reduction of about 221,000 tonnes of greenhouse gas emissions, equivalent to about 1.5% of Nova Scotia’s total emissions in 2022.

Benefits of the CIB’s involvement

The project falls within the CIB’s Clean Power sector, which has a $10 billion target to help increase energy supply and security, advance clean power generation, distribution and use and make the transition to new energy projects more affordable for ratepayers.

Learn more

SWEB Development - Opens in a new tab
Glooscap First Nation - Opens in a new tab
CIB News Release

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 SWEB Development.