First Nations to Hold Majority Ownership of New Wind Energy Project

First Nations to hold majority ownership of new wind energy project

Correction fourth paragraph down. The name of the Toronto-based company that received part of the financing from the Canada Infrastructure Bank is Potentia Renewables not Petonia Renewables as was reported. We apologize for any confusion or concern this error has…

First Nations announce majority ownership of wind energy project in Saskatchewan

$160-million funding CIB is providing for Rose Valley Wind project is part of new $3-billion target for Indigenous infrastructure investment

First Nations to hold majority ownership of new wind energy project in Saskatchewan

Tina Rasmussen, CEO of Meadow Lake Tribal Council (MLTC) Industrial Investments, is excited about the future benefits that will accrue to First Nations from a new wind energy project in Saskatchewan, which was officially announced on June 15 at a celebratory sod turning ceremony.The Rose Valley Wind project is comprised of 28 wind turbines. M Squared Renewables, a development corporation owned by the nine Nations of the MLTC, as well as the Mist…

CIB, Saskatchewan First Nations break ground on Rose Valley Wind project

The Canada Infrastructure Bank (CIB) has reached financial close with Potentia Renewables Inc. and M‑Squared Renewables on a $128 million project loan and a $36.4 million Indigenous equity loan towards the Rose Valley Wind project in Saskatchewan. M‑Squared Renewables, an Indigenous development corporation, is owned by 10 First Nations, the nine Nations of the Meadow Lake Tribal Council and the Mistawasis Nêhiyawak First Nation. The CIB’s Indige…

CIB Loans $164.4M For Wind Energy Infrastructure In Sask.

ASSINIBOIA — The Canada Infrastructure Bank (CIB) has reached financial close with Potentia Renewables Inc. and M‑Squared Renewables on a $128 million project loan and a $36.4 million Indigenous equity loan towards the Rose Valley Wind project in Saskatchewan. Per a June 15 press release, M‑Squared Renewables, an Indigenous development corporation, is owned by 10 First Nations, the nine Nations of the Meadow Lake Tribal Council and the Mistawasi…