CIB committing $138.2 million to Nova Scotia Energy Storage Project
CIB commits $138.2 million to three energy storage facilities in Nova Scotia.
- CIB commits $138.2 million to three energy storage facilities in Nova Scotia.
- HALIFAX, NS, Feb. 15, 2024 /CNW/ - The Canada Infrastructure Bank (CIB) is committing $138.2 million to support the development of Atlantic Canada's largest planned energy storage project by Nova Scotia Power Inc. (NS Power) in collaboration with Wskijinu'k Mtmo'taqnuow Agency Ltd. (WMA), an economic limited partnership owned by 13 Mi'kmaw communities.
- CIB's first Indigenous Equity investment in Atlantic Canada's largest energy storage project.
- The CIB's investment of $138.2 million towards Atlantic Canada's largest energy storage project is helping to create economic opportunities across Nova Scotia while supporting a clean energy transition.