MU2 wind farm financing includes CIB’s first indigenous equity loan in Quebec – Electrical Business Magazine

June 24, 2025

As part of a $108.3-million financing package, the Canada Infrastructure Bank is making its first Indigenous equity loan in Quebec to support construction of the 102.2-MW Mesgi’g Ugju’s’n 2 Wind Farm (MU2), located in the Gaspesie–Iles-de-la-Madeleine region.

The project is a partnership between Mi’gmawei Mawiomi Business Corp. (which represents the Gesgapegiag, Gespeg, and Listuguj Mi’gmaq communities) and Innergex Renewable Energy Inc.

The $15.8-million equity loan improves the economic viability of MMBC’s participation in the project, said CIB, while the remaining $92.5 million is dedicated to project construction.

Read More: https://www.ebmag.com/mu2-wind-farm-financing-includes-cibs-first-indigenous-equity-loan-in-quebec/