The Canada Infrastructure Bank is investing $108.3 million to support a new 102.2-megawatt wind farm in Quebec's Gaspésie-Îles-de-la Madeleine region. This funding includes $92.5 million for construction and $15.8 million to help Mi’gmaq communities acquire an ownership stake, aligning with the bank's focus on Indigenous participation in major infrastructure projects.
Canada Infrastructure Bank investing $108.3-million to back Quebec wind farm
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TL;DR: Key points with love ❤️The Canada Infrastructure Bank is investing $108.3 million to support a new 102.2-megawatt wind farm in Quebec's Gaspésie-Îles-de-la Madeleine region. This funding includes $92.5 million for construction and $15.8 million to help Mi’gmaq communities acquire an ownership stake, aligning with the bank's focus on Indigenous participation in major infrastructure projects.
Trending- 1 2017: Canada Infrastructure Bank established.
- 2 December 2024: Hydro-Québec announces new development on Churchill River.
- 3 May 2025: Ehren Cory speaks about Indigenous participation.
- 4 June 10, 2025 (Tuesday): Canada Infrastructure Bank announces $108.3 million investment.
- Construction of a new wind farm generating electricity for 20,000 homes.
- Increased Indigenous equity ownership in infrastructure projects.
- Contribution to Canada's energy infrastructure expansion and reduction of fossil fuel reliance.
What: The Canada Infrastructure Bank is investing $108.3 million in a new 102.2-megawatt wind farm in Quebec, with a portion dedicated to Indigenous ownership.
When: Tuesday (June 10, 2025) announcement. Bank established 2017. CEO Ehren Cory spoke in May (2025). Hydro-Québec announced new development last December (2024).
Where: Gaspésie-Îles-de-la Madeleine region (Quebec, Canada), Churchill River (Newfoundland and Labrador, Canada).
Why: To support clean energy infrastructure, reduce reliance on fossil fuels, and promote Indigenous participation and ownership in major developments, aligning with Canada's energy expansion plans.
How: The Infrastructure Bank will lend $92.5 million for construction and $15.8 million for Mi’gmaq communities to acquire ownership. Other funding comes from CIBC, Desjardins, and National Bank of Canada. The project will be jointly owned by Innergex Renewable Energy Inc. and Mi’gmawei Mawiomi Business Corp.