popular articles

Canada Infrastructure Bank invests CAD 217 million in Nova Scotia – New Brunswick interconnection

The Canada Infrastructure Bank (CIB) has committed a CAD 217 million investment to support the construction of a transmission line between Nova Scotia and New Brunswick, enhancing the reliability of the interprovincial power grid.

Please share:

The Canada Infrastructure Bank (CIB) has secured an equity investment of CAD 217 million to facilitate the construction of a transmission line linking Nova Scotia and New Brunswick. This project aims to improve the reliability of interprovincial power grids and support the expansion of renewable energy production in both provinces.

This funding will enable Nova Scotia to build a 160-kilometre, 345-kilovolt transmission line, following the route of the existing connection between Onslow (Nova Scotia) and Salisbury (New Brunswick). The interconnection is part of a broader effort to strengthen the region’s energy infrastructure, enhance grid resilience, and foster electricity exchanges between the provinces.

Partnership with Indigenous Communities

In parallel, the CIB is collaborating with the Wskijinu’k Mtmo’taqnuow Agency Ltd. (WMA), an economic partnership owned by the 13 Mi’kmaq nations of Nova Scotia. The CIB and WMA aim to finalise an equity loan to enable the latter to acquire a stake in the project. This financing is part of the CIB’s Indigenous Equity Initiative, which aims to increase Indigenous participation in infrastructure projects.

Economic Impact and Employment

The project is expected to generate nearly 587 direct and indirect jobs during its construction, while contributing CAD 105 million to the Gross Domestic Product (GDP). The works are scheduled for completion by autumn 2028. Furthermore, the CIB’s investment is projected to save electricity consumers in Nova Scotia approximately CAD 200 million.

The Strategic Role of the Interconnection

This transmission line is part of a larger project aimed at improving energy connectivity in the Atlantic region and strengthening Canada’s overall energy security. By increasing the capacity of the interprovincial power grid, the project facilitates electricity exchanges between the two provinces while supporting the transition to cleaner energy sources. The project is also seen as an example of interprovincial collaboration in the energy sector.

A First for the Canada Infrastructure Bank

This marks the CIB’s first equity investment, having previously committed CAD 743 million across five energy projects in the Atlantic region. These projects include wind farms, energy storage infrastructure, and other essential interconnections. As part of its clean energy sector, the CIB aims to achieve a target of CAD 10 billion in investments for new energy projects, including renewable energy, energy storage, and district heating systems.

Federal Support for the Energy Transition

The federal government is actively supporting the project through several financing mechanisms, including a CAD 3.1 million pre-development programme to support preparatory activities related to the interconnection. This support aims to strengthen the energy transition towards a more reliable, clean, and affordable power grid for Canadians. It is part of a long-term vision for grid modernisation, aligned with the country’s climate and economic goals.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Argentina initiates Enarsa's privatization to redefine the state's role toward stronger regulation, paving the way for increased private investment in the national energy sector amid significant industrial and commercial transformation.
The British environmental movement Just Stop Oil organised its final march in London on Saturday, announcing the end of its spectacular actions against new oil and gas projects in the United Kingdom.
The British environmental movement Just Stop Oil organised its final march in London on Saturday, announcing the end of its spectacular actions against new oil and gas projects in the United Kingdom.
The Dutch government is unlocking €11.4 billion aimed at securing industrial energy supplies, strengthening electricity infrastructure, and accelerating civilian nuclear development, in response to current economic and energy constraints.
The Dutch government is unlocking €11.4 billion aimed at securing industrial energy supplies, strengthening electricity infrastructure, and accelerating civilian nuclear development, in response to current economic and energy constraints.
France proposes a stronger alliance between the European Union and China to counter the absence of the United States in the fight against climate change, with a summit scheduled for July 2025.
France proposes a stronger alliance between the European Union and China to counter the absence of the United States in the fight against climate change, with a summit scheduled for July 2025.
Hydro-Québec announces a 10 G$ investment to enhance energy efficiency through various initiatives by 2035, creating over 5,000 jobs and reducing operating costs for Quebec customers.
The UK government and Italian energy company Eni have announced the financial closing of a project aimed at burying millions of tonnes of CO2 in the Irish Sea, an ambitious initiative to reduce industrial emissions.
The UK government and Italian energy company Eni have announced the financial closing of a project aimed at burying millions of tonnes of CO2 in the Irish Sea, an ambitious initiative to reduce industrial emissions.
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
Countries such as Brazil and Australia are criticised for overstating the CO2 absorption capacity of their forests, a practice that undermines their commitment to reducing greenhouse gas emissions, according to a report by Climate Analytics.
Countries such as Brazil and Australia are criticised for overstating the CO2 absorption capacity of their forests, a practice that undermines their commitment to reducing greenhouse gas emissions, according to a report by Climate Analytics.
In London, global officials gather to discuss energy security amid rising geopolitical tensions. Disagreements persist on the role of renewable energy in meeting global demand.
As a parliamentary debate approaches, twenty energy organizations urge lawmakers to act to reduce France's reliance on fossil fuels by accelerating the electrification of uses.
As a parliamentary debate approaches, twenty energy organizations urge lawmakers to act to reduce France's reliance on fossil fuels by accelerating the electrification of uses.
Nigeria aims to increase its electricity production capacity by 4,000 MW by 2026 to meet the growing demand of the industrial sector, in a context of reforms and partnerships with international players.
Nigeria aims to increase its electricity production capacity by 4,000 MW by 2026 to meet the growing demand of the industrial sector, in a context of reforms and partnerships with international players.
EDF’s outgoing CEO, Luc Rémont, claims French electricity will be more competitive than that of the United States, despite ongoing criticisms from industrialists about high tariffs.
EDF’s outgoing CEO, Luc Rémont, claims French electricity will be more competitive than that of the United States, despite ongoing criticisms from industrialists about high tariffs.
Donald Trump's aggressive trade policies and regulatory uncertainty in the United States are slowing investments in wind, solar, and energy storage, pushing the sector into a period of caution and market volatility.
The French government activates five funding mechanisms to support industrial decarbonisation projects through the France 2030 plan, targeting major sites, SMEs and high-emission industrial zones.
The French government activates five funding mechanisms to support industrial decarbonisation projects through the France 2030 plan, targeting major sites, SMEs and high-emission industrial zones.
Paris releases a new €400mn funding package to support industrial projects aimed at reducing emissions under the France 2030 programme.
Paris releases a new €400mn funding package to support industrial projects aimed at reducing emissions under the France 2030 programme.
The massive withdrawal of American financial support and the reduction of European aid could jeopardize energy projects in Africa, profoundly altering their financing structure and the continent's commitments.
The massive withdrawal of American financial support and the reduction of European aid could jeopardize energy projects in Africa, profoundly altering their financing structure and the continent's commitments.
The Vietnamese government has raised its renewable energy targets in a new version of its national energy plan, responding to continued growth in electricity demand.
A massive outage plunged Puerto Rico into darkness on Wednesday, leaving approximately 1.1 million households without electricity after an unexpected shutdown of all its power plants.
A massive outage plunged Puerto Rico into darkness on Wednesday, leaving approximately 1.1 million households without electricity after an unexpected shutdown of all its power plants.
The Czech Republic has ended its dependency on Russian oil after more than six decades, a major shift made in response to Russia's invasion of Ukraine.
The Czech Republic has ended its dependency on Russian oil after more than six decades, a major shift made in response to Russia's invasion of Ukraine.
The European power purchase agreement (PPA) market for renewables reached 19 GW of new capacity in 2024, with growing momentum for hybrid contracts including storage.
The European power purchase agreement (PPA) market for renewables reached 19 GW of new capacity in 2024, with growing momentum for hybrid contracts including storage.
Bill 69 sparks protests in Saint-Jean-sur-Richelieu, where several organisations denounce a risk of privatising Quebec’s electricity sector.
Wind and solar energy accounted for nearly one-fifth of Türkiye’s electricity generation in 2024, according to an analysis by think tank Ember, driven by a strong increase in installed capacity.
Wind and solar energy accounted for nearly one-fifth of Türkiye’s electricity generation in 2024, according to an analysis by think tank Ember, driven by a strong increase in installed capacity.
The Acerez consortium has signed a 35-year agreement to build and operate over 240 km of high-voltage lines in Australia, marking the country's first public-private partnership in the sector.
The Acerez consortium has signed a 35-year agreement to build and operate over 240 km of high-voltage lines in Australia, marking the country's first public-private partnership in the sector.
France’s multi-year energy strategy shifts focus away from photovoltaics toward flexibility measures, including battery storage, to address growing imbalances in the electricity market.
France’s multi-year energy strategy shifts focus away from photovoltaics toward flexibility measures, including battery storage, to address growing imbalances in the electricity market.

Advertising