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.

Partagez:

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.

  • Populaires ​
BrightNight launches 300 MW solar plant in Arizona with Cordelio Power
Woodside completes sale of 40% stake in Louisiana LNG project to Stonepeak
Trianel deploys 900 MW battery to bolster German grid flexibility
UK refuses to finance subsea electrical link with Morocco
Pedro Azagra takes helm at Iberdrola, Avangrid renews its leadership team
Renewable energy: access improving, but financing still insufficient for Africa
According to the 2025 report on global energy access, despite notable progress in renewable energy, insufficient targeted financing continues to hinder electricity and clean cooking access, particularly in sub-Saharan Africa.
China and the United States improve their energy performance in an unstable global context
While advanced economies maintain global energy leadership, China and the United States have significantly progressed in the security and sustainability of their energy systems, according to the World Economic Forum's annual report.
Algeria and Angola strengthen energy cooperation at US–Africa summit
On the sidelines of the US–Africa summit in Luanda, Algiers and Luanda consolidate their energy collaboration to better exploit their oil, gas, and mining potential, targeting a common strategy in regional and international markets.
UK urged to accelerate electricity price reforms
The UK's Climate Change Committee is urging the government to quickly reduce electricity costs to facilitate the adoption of heat pumps and electric vehicles, judged too slow to achieve the set climate targets.
Brussels expands subsidies for low-carbon technologies and nuclear power
The European Commission will extend until the end of 2030 an expanded state-aid framework, allowing capitals to fund low-carbon technologies and nuclear power to preserve competitiveness against China and the United States.
Japan Faces Major Electricity Shortfall of 89 GW by 2050
Japan's grid operator forecasts an energy shortfall of up to 89 GW by 2050 due to rising demand from semiconductor manufacturing, electric vehicles, and artificial intelligence technologies.
EU Approves Targeted Energy Aid for Europe’s Heavy Industries
Energy-intensive European industries will be eligible for temporary state aid to mitigate high electricity prices, according to a new regulatory framework proposed by the European Commission under the "Clean Industrial Deal."
Mauritius launches international tender for floating power plant
Mauritius seeks international investors to swiftly build a floating power plant of around 100 MW, aiming to secure the national energy supply by January 2026 and address current production shortfalls.
Spain and Portugal Strengthen Networks Following April Blackout
Madrid announces immediate energy storage measures while Lisbon secures its electrical grid, responding to the historic outage that affected the entire Iberian Peninsula in late April.
Indonesia Commits 190 Billion USD to Expand Energy Capacity by 2034
Indonesia has unveiled its new national energy plan, projecting an increase of 69.5 GW in electricity capacity over ten years, largely funded by independent producers, to address rapidly rising domestic demand.
France: Moratorium on renewables; warning about immediate industrial impact
French Minister Agnès Pannier-Runacher condemns the parliamentary moratorium on new renewable energy installations, warning of the potential loss of 150,000 industrial jobs and increased energy dependence on foreign countries.
New European Battery Regulation Disrupts Europe’s Industrial Sector
The European battery regulation, fully effective from August 18, significantly alters industrial requirements related to electric cars and bicycles, imposing strict rules on recycling, supply chains, and transparency for companies.
European Parliament urges Brussels to act on energy grids
The European Parliament calls on the Commission to strengthen energy infrastructure and accelerate the implementation of the Clean Industrial Deal to enhance the continent's energy flexibility and security amid increased market volatility.
Europe Commits Major Investments to Electricity Grids and the Clean Industrial Deal
The European Commission unveils an ambitious plan to modernize electricity grids and introduces the Clean Industrial Deal, mobilizing hundreds of billions of euros to strengthen the continent's industrial and energy autonomy.
Wood Mackenzie highlights advantage of regulated utilities amid data centre boom
In the United States, regulated electric grid operators hold a decisive advantage in connecting new data centres to the grid, now representing 134 GW of projects, according to a Wood Mackenzie report published on June 19.
France sets renewable energy target of 200 TWh by 2030
The French National Assembly approves a specific target of 200 TWh renewable electricity production by 2030 within a legislative text extensively debated about the future national energy mix.
United States: emissions stagnate in 2024, uncertainty under Trump administration
In 2024, US CO₂ emissions remain stable at 5.1bn tonnes, as the Trump administration prepares hydrocarbon-friendly energy policies, raising questions about the future evolution of the American market.
France: Anticipated Energy Decree, National Assembly Denounces Democratic Risk
The early publication of France's energy decree triggers strong parliamentary reactions, as the government aims to rapidly secure investments in nuclear and other energy sectors.
Spain Blackout: Analysis of Causes and European Financing Plan Approved
Seven weeks after the major Iberian power outage, Spain identifies technical network failures, while the European Investment Bank approves major funding to strengthen the interconnection with France.
European Union Sets Precise Timeline for Russian Gas Import Ban
The European Union has announced a detailed schedule aiming to definitively halt Russian gas imports by the end of 2027, anticipating internal legal and commercial challenges to overcome.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS