The Canada Infrastructure Bank (CIB) has announced an investment of C$108.3m ($79m) to support the construction of the 102.2MW Mesgi’g Ugju’s’n 2 wind farm (MU2), located in Gespe’gewa’gi, Canada – the first-ever Indigenous equity loan provided by CIB.
Gespe’gewa’gi, also known as the Gaspésie–Îles-de-la-Madeleine region, extends across the Gaspé Peninsula and New Brunswick.
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The MU2 project is a collaboration between the Mi’gmawei Mawiomi Business Corporation (MMBC), representing three local Mi’gmaq communities, and Innergex Renewable Energy. It is scheduled to commence operations in late 2026.
The project was the sole initiative among two provincial tenders for 780MW renewable energy blocks to incorporate an Indigenous community partner as a sponsor.
CIB has allocated C$15.8m as an equity loan to enhance MMBC’s economic participation and C$92.5m for construction costs.
Additional financial backing includes a C$163.9m green loan and other financial support provided by CIBC, Desjardins and the National Bank of Canada.
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By GlobalDataCanada Infrastructure Bank CEO Ehren Cory stated: “With our first investment in a Quebec wind energy project, the CIB is helping another province expand its clean electricity production and expand the capacity of its grid.
“This aligns with our mandate to support meaningful Indigenous economic and social development while investing in clean power opportunities.”
Positioned on traditional Mi’gmaq territory near Rivière-Nouvelle, MU2 will complement its predecessor, the 150MW Mesgi’g Ugju’s’n wind farm (MU1), expanding on a 50-50 partnership between MMBC and Innergex.
MU2 will be equipped with Nordex turbines and will supply electricity to around 20,000 homes.
It will reduce emissions by approximately 153,053 tonnes annually through its long-term power purchase agreement (PPA) agreement with Hydro-Quebec.
The project will create 150 direct jobs during its construction phase and will prioritise local employment by committing to hiring at least 30% of workers from nearby Mi’gmaq communities. The profits generated will be channelled back into local initiatives.
MMBC CEO Frederic Vicaire stated: “MU2 reflects the maturity and determination of our communities to lead impactful energy development on our own terms. This partnership with Innergex and the support from the CIB demonstrate that Indigenous-led projects can be scalable, bankable and rooted in long-term vision.”
In March 2025, CIB announced an investment of $81.9m (C$117.4m) in the construction of the 94.4MW Weavers Mountain wind energy project in the Antigonish and Pictou counties of Nova Scotia.
