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Weyburn wind farm blows in new era of renewable energy for Saskatchewan – Discover Weyburn

Jun 27 2024

A new renewable wind energy project is set to be built southeast of Weyburn. Up to one hundred million dollars in loan guarantees will be provided by the Saskatchewan Indigenous Investment Finance Corporation (SIIFC).

Enbridge Inc has partnered with six Indigenous and Metis partners to take on this project, SaskPower is working with them to advance the project through a power purchase agreement.

Dustin Duncan, MLA and Minister Responsible for SaskPower, speaks on SaskPower’s and the province’s involvement in this project.

“At this point, those negotiations are still ongoing, but as a provincial government, what we have said is that through the Saskatchewan Indigenous Financing Corporation, the province would provide a loan guarantee of up to $100 million so that when these First Nations and the Métis Nation of Saskatchewan go to seek their financing, they have basically that loan guarantee that they can take to a financial institution to be able to secure their portion of the equity project.”

Read More: https://discoverweyburn.com/articles/weyburn-wind-farm-blows-in-new-era-of-renewable-energy-for-saskatchewan-

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