MULGRAVE, N.S. – Port Hawkesbury Paper Wind Ltd is on the receiving end of $224.2 million in loans from the Canada Infrastructure Bank (CIB), which will help build a large-scale wind energy project and support 13 Mi’kmaw First Nations, through Wskijinu’k Mtmo’taqnuow Agency Ltd. (WMA), buy a 10 per cent stake in the project.
The Goose Harbour Lake Wind Farm involves the construction and installation of 24 Nordex N163-7.0MW cold climate turbines at a 118-metre hub height. The project will feature an anti-icing system blade technology, wind turbines producing zero-emission and sustainable electricity generation capacity of 168 megawatts, explains a release.
The building team is RES Canada Construction LP and the total project cost is approximately $450 million.
The wind project is estimated to create 150 full-time construction jobs, up to five permanent wind farm jobs and generate economic development for the region, the release adds. Commercial operations are expected to begin in 2026.
The project is being financed under the CIB’s $10 billion Clean Power priority sector and it is expected to reduce greenhouse gas emissions by more than 350,000 tonnes a year, equivalent to 2.4 per cent of Nova Scotia’s emissions in 2021, and help the province’s energy transition, moving from coal to renewables.
The Indigenous equity loan is the second to WMA, following a deal last year related to an energy storage project in Nova Scotia.
Recent Comments