"First Indigenous equity loan from Canada Infrastructure Bank supports Mi’kmaw investment in green energy" 15 February 2024

The Canada Infrastructure Bank (CIB) announced in Halifax this morning that its first Indigenous Equity Initiative is an $18 million loan made to Wskijinu'k Mtmo'taqnuow Agency (WMA), an economic limited partnership owned by 13 Mi’kmaw communities in Nova Scotia...

WMA will work in partnership with Nova Scotia Power Inc. in the construction and deployment of energy storage facilities in the communities of White Rock, Bridgewater and Waverley. Nova Scotia Power is the recipient of $120.2 million from CIB for the project, which is still subject to regulatory approval...

An equity share in the joint venture with Nova Scotia Power will benefit both the partner Mi’kmaq nations and WMA, which will get a portion of the proceeds. The nations will determine how best to use those dollars, says Nicholas, as each community has unique needs...