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Canada Infrastructure Bank Signs Memorandum of Understanding to Advance Wind Energy Project in Nova Scotia

With support from the Province of Nova Scotia, Port Hawkesbury Paper and IFE are evaluating the potential development of a 112 megawatt (onshore) wind farm, comprised of 28 four megawatt wind turbines, 15 kilometres of overland transmission lines and two kilometres of subsea cables.

Dec. 17, 2019 - Canada Infrastructure Bank (CIB), Port Hawkesbury Paper and IFE Project Management Canada (IFE) announced today the signing of a Memorandum of Understanding (MOU) formalizing their collaboration on the potential Pirate Harbour Wind Farm in Nova Scotia.

The MOU confirms CIB will conduct due diligence work with Port Hawkesbury Paper and IFE during the project evaluation and planning phase. CIB’s work could lead to an investment in the project, subject to all standard due diligence and decision making.

The wind farm would supply green energy to Port Hawkesbury Paper, the largest industrial employer in the region, with the goal of further enhancing sustainable energy supply to Nova Scotian industry. It also supports provincial and federal commitments to the environment and the Mill’s ongoing commitment to an environmentally sustainable business.

This is CIB’s first opportunity to partner on a project in Nova Scotia. CIB has specialized infrastructure expertise and the wind farm is consistent with one of its priority sectors — green infrastructure.

Quick Facts:

CIB is a Crown corporation mandated to invest $35 billion in federal funding and attract private sector investment into new revenue-generating infrastructure projects.
CIB is focused on transformational projects that are in the public interest. Public transit, trade and transportation, green infrastructure and broadband are priority sectors for investment.
The Pirate Harbour Wind Farm represents CIB’s eighth project in total and demonstrates CIB is advising on and investing in projects across sectors and regions.
The project will reduce the Mill’s reliance on fossil fuels for energy, resulting in reduced greenhouse gas emissions. The project adds clean, renewable energy generation to the Province and will further increase the sustainability of the Mill’s paper production operations.
Port Hawkesbury Paper and IFE will lead the design, construction and financing of the wind farm.
This project is an example of how CIB can partner with the private sector and collaborate with the public sector on a project that is in the public interest. The potential wind farm will support environmental and green infrastructure objectives.

Bevan Lock, Co-Mill Manager, Port Hawkesbury Paper, commented, “Port Hawkesbury Paper is excited to continue the evaluation of the Pirate Harbour Wind Farm with the assistance of the CIB and the support of the Province in order to help further governmental commitments on the environment and enhance long-term environmentally sustainable paper production at the mill.”

Port Hawkesbury Paper is a producer of SCA+++, SCA++, SCA+, SCA, and SCB papers for use in catalogs, magazines, retail inserts, and wrapping paper. The mill has the capacity to produce 400,000 short tons (360,000 metric tonnes) per year. In addition to the supercalender machine (PM2), the mill has three thermomechanical pulp (TMP) lines to supply high quality fiber to the paper machine. To learn more, visit: www.porthawkesburypaper.com.

SOURCE: Port Hawkesbury Paper