Federal funding secures Cape Breton wind farm
This is a news story, published by Yahoo Finance (Canada), that relates primarily to The Canada Infrastructure Bank news.
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Business & Economics
Nova Scotia paper mill to be powered by wind farm with financing from federal agency
75% Informative
The Canada Infrastructure Bank has announced it will provide $224.2 million in loans for Port Hawkesbury Paper Wind Ltd. The wind farm will be 10 per cent owned by 13 Mi'kmaq First Nations .
It will be capable of generating 168 megawatts of electricity once the turbines begin operating in late fall 2026 .
The project is expected to reduce greenhouse gas emissions by more than 350,000 tonnes a year.
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