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Articles tagged with "Sustainability"

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Wedgeport windpower project closes $97M loan from Canada Infrastructure Bank
Wedgeport windpower project closes $97M loan from Canada Infrastructure Bank

Elemental Energy has secured a $97 million loan from the Canada Infrastructure Bank for the Wedgeport Wind project in Nova Scotia. This project involves constructing 12 Nordex 7-MW turbines and a 138-kV transmission line to generate 84 MW of power, providing clean energy to over 30,000 homes and creating up to 85 construction jobs. The project, a collaboration with Stevens Wind and Sipekne’katik First Nation, aims to reduce greenhouse gas emissions and support local economic development through Mi'kmaq community involvement. Operations are expected to begin in late 2026.

CIB invests in Wedgeport Wind energy project
CIB invests in Wedgeport Wind energy project

The Canada Infrastructure Bank (CIB) is lending $97 million to support the Wedgeport Wind energy project in Argyle, Nova Scotia. This project involves the construction and installation of 12 wind turbines, providing 84 megawatts of renewable energy to power over 30,000 homes. The initiative will create up to 85 jobs during construction and more opportunities for operations and maintenance. The CIB aims to bridge financial gaps for clean energy projects in Nova Scotia, with the Wedgeport Wind project being a key part of their initiatives in the region.

Nova Scotia premier pitching ambitious ‘Wind West’ offshore wind energy project
Nova Scotia premier pitching ambitious ‘Wind West’ offshore wind energy project

Nova Scotia Premier Tim Houston is proposing a significant expansion of the province's offshore wind energy sector. This initiative is in response to Prime Minister Mark Carney's vision of transforming Canada into an "energy superpower." Houston is seeking federal funding from the Liberal government to support this ambitious project.

CIB loans $97 million towards new energy project in Nova Scotia
CIB loans $97 million towards new energy project in Nova Scotia

The Canada Infrastructure Bank has issued a $97 million loan to support Wedgeport Wind, a new wind energy project in Nova Scotia. The project will include the construction of 12 wind turbines capable of generating up to 84 megawatts of renewable energy. It aims to provide clean and affordable power to over 30,000 homes and businesses and will create job opportunities during and after construction. This initiative is part of a larger effort to reduce greenhouse gas emissions and strengthen the regional power grid with sustainable energy solutions.

Sustane, Pyrovac Partner on Plastic Recycling Plant Projects
Sustane, Pyrovac Partner on Plastic Recycling Plant Projects

Sustane Technologies and Pyrovac have formed a strategic partnership to enhance plastic recycling efforts in Canada and globally. The collaboration will utilize Pyrovac's proprietary reactor technology, initially upgrading Sustane’s facility in Nova Scotia with a $7 million investment. This marks Pyrovac's first commercial deployment of its technology, aimed at converting plastic waste into fuels and chemicals via pyrolysis. The partnership aims to foster a circular economy by reducing plastic waste and generating economic value.

Solar Bank Partners with Trimac on Nova Scotia Project
Solar Bank Partners with Trimac on Nova Scotia Project

SolarBank Corporation is set to develop a 6.9-megawatt solar project in Brooklyn, Nova Scotia, in collaboration with Trimac Engineering, as part of the province's Community Solar Program. The project, costing approximately $13.9 million, aims to achieve 80% renewable energy by 2030 and net-zero emissions by 2035. Scheduled to begin in spring 2026, it will provide power to about 900 homes and offer community members credits on their utility bills. SolarBank's initiative supports grid resilience and local economic growth, though it faces risks such as regulatory and financial challenges.

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