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Enbridge joins forces with Six Nations Energy Development to advance wind project in Canada
Investors - JUNE 24, 2024

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Enbridge joins forces with Six Nations Energy Development to advance wind project in Canada

by Kali Persall

Enbridge and Six Nations Energy Development, a newly created consortium of Cowessess First Nation, George Gordon First Nation, Kahkewistahaw First Nation, Métis Nation-Saskatchewan, Pasqua First Nation and White Bear First Nations, have plans to advance development of a new wind energy project southeast of Weyburn, Saskatchewan, in Canada.

The Seven Stars Energy Project is expected to produce 200 megawatts of emissions-free power, which is enough to support the annual energy needs of more than 100,000 Saskatchewan homes. It will be developed, constructed and operated by a wholly owned indirect subsidiary of Enbridge.

Financial participation of the partners will be supported, in part, by loan guarantees of up to $100 million from the Saskatchewan Indigenous Investment Finance Corp. (SIIFC). The First Nation and Métis partners have an opportunity to acquire equity ownership of at least 30 percent in the project, which is targeted to be operational in 2027.

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