First Nations to own equity in new Atlantic transmission line

First Nations to own equity in new Atlantic transmission line

An agreement enabling First Nations to have an ownership stake in an Atlantic Canada clean energy project was announced on Jan. 21.

CIB increases commitment to clean power project in Atlantic Canada

The Canada Infrastructure Bank (CIB) is strengthening Indigenous ownership in clean energy infrastructure with $54 million in equity loans, bringing its total commitment to the Wasoqonatl intertie project to $285 million. Through its Indigenous Equity Initiative (IEI), CIB will provide: $36 million to Wskijinu’k Mtmo’taqnuow Agency Limited (WMA), enabling Nova Scotia’s 13 Mi’kmaw First Nations to acquire an equity stake in the project; $18 mill…