The Canada Infrastructure Bank is loaning more than $200 million to Slate Asset Management and Hamilton Lane in order to support the development of a wind power farm in Nova Scotia. The project, which is eligible for the Clean Technology Investment Tax Credit for up to 30% of capital costs, will see more than 30 […]
Canada Infrastructure Bank
Calgary ‘Strengthens’ Public Transportation System with Purchase of 120 Electric Buses
Canada’s third-largest city is expanding its public transportation fleet through the addition of more than 100 new electric buses. Calgary Transit announced this month that The City is seeking to “replace aging vehicles and strengthen service reliability” by adding 120 electric buses to its fleet. The EV-focused fleet expansion follows a significant federal investment from […]
CIB Supplies $24M to Remote Community in Far North of Quebec for Cleaner Energy
A remote First Nation community in Northern Quebec will soon rely less on diesel fuel for energy thanks to an investment from The Canada Infrastructure Bank. CIB announced that it has closed a $24 million loan to support the Atikamekw of Opitciwan in building a five-megawatt facility that will generate electricity by burning bark, sawdust, […]
CIB Supports ‘Deep Decarbonization’ Project from Creative Energy with $50M Investment
The Canada Infrastructure Bank is working with Creative Energy on a project targeting the “deep decarbonization of buildings.” Canada Infrastructure Bank is providing B.C.-born Creative Energy with a $50 million loan, according to a statement from the entity. This will allow Creative Energy to launch its retrofit project, which can reduce building emissions by up […]
Federal Funding Helps Far North Hamlet Drop Diesel for Wind-Powered Energy
A “transformative” clean energy project in the remote Inuit community of Sanikiluaq is set to move forward following financial support from the Canada Infrastructure Bank. CIB this month unveiled its inaugural Nunavut investment—a $6.7 million loan—in a bid to help the region reduce reliance on diesel-powered energy. “The CIB is proud to make its first […]
Canada Infrastructure Bank Backs $97M Wedgeport Wind Project in Nova Scotia
The Canada Infrastructure Bank and Vancouver-based Elemental Energy have secured a $97 million loan to support their newest energy project, Wedgeport Wind. The Wedgeport Wind project, located in the Municipal District of Argyle, Nova Scotia, will include the construction and installation of 12 Nordex seven-megawatt wind turbines with the capacity to generate up to 84 megawatts […]