Higgins Mountain Wind Project in Nova Scotia Moves Forward
November 12, 2024
The Canada Infrastructure Bank (CIB) and Elemental Energy have reached financial close on a $118 million loan to support the Higgins Mountain Wind Project, located within the municipalities of Colchester and Cumberland in Nova Scotia.
The wind farm is strategically positioned on a site with strong wind generation capacity, and existing transmission infrastructure nearby, making it an ideal location to produce and transmit clean energy. The 17 wind turbines will have the capacity to generate up to 100 megawatts of clean and reliable electricity, enough to power more than 40,000 homes.
By replacing coal-emitting energy sources, the wind project will cut carbon emissions by more than 200,000 tonnes a year and support a cleaner, more sustainable grid.
Elemental Energy and their partners Stevens Wind and Sipekne’katik First Nation (SFN) will design, construct and operate the Higgins Mountain Wind facility, which includes training and development opportunities for the Nation and local contractors. It is anticipated up to 100 jobs will be created during the construction period and additional full-time employment opportunities will be created to support operations.
Construction of the wind facility is now underway, with operations commencing by late 2025.
The CIB’s flexible project financing will help accelerate this project and support Nova Scotia’s energy transition goal of 80 per cent clean energy by 2030.
The project is being financed under the CIB’s $10 billion Clean Power priority sector, which addresses financing.
