Partners in a $52 million solar power project to be built in Alberta in Treaty 7 territory were in Vancouver today to formalize a financing plan that will see the Canadian Infrastructure Bank providing a $33 million loan.
Partners in the 23.6-megawatt Tilley solar power plant in Newell, Alberta include Concord Green Energy -- a subsidiary of Vancouver’s Concord Pacific – the Alexander First Nation, and the First Nation Power Development (FNpower).
The project is expected to generate more than 280 full-time jobs at peak construction, and generate $14 million in direct labour income.
“Directly impacting the Alexander First Nation through job creation and long-term economic prosperity, our investment in the Tilley Solar Project will help foster economic reconciliation while advancing a more sustainable grid,” Canada Infrastructure Bank CEO Ehren Cory said.
“This great partnership with Chief George Arcand and the Alexander First Nation is our second major solar project with Alberta First Nations,” said Concord Pacific CEO Terry Hui.
“We have been seeing this sector grow in Alberta and look to scale up on more projects in solar and hydro like Amisk Hydroelectric on the Peace River.”
