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Enbridge, First Nations and Métis partners to advance 200-megawatt wind energy project in Saskatchewan
Enbridge, First Nations and Métis partners to advance 200-megawatt wind energy project in Sa...
About this update from Enbridge Inc.
[{"type":"text","content":"\n \n \n \n Enbridge, First Nations and Métis partners to advance 200-megawatt wind energy project in Saskatchewan\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n REGINA, SK\n \n \n ,\n \n \n June 24, 2024\n \n \n /CNW/ - Today, Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) and Six Nations Energy Development LP (Six Nations) – a newly-created consortium of\n \n Cowessess First Nation\n \n ,\n \n George Gordon First Nation\n \n ,\n \n Kahkewistahaw First Nation\n \n , Métis Nation-Saskatchewan,\n \n Pasqua First Nation\n \n and White Bear First Nations – announced plans to advance development of a new wind energy project southeast of\n \n Weyburn, Saskatchewan\n \n .\n \n \n The Seven Stars Energy Project (the Project) is expected to produce 200 megawatts of emissions–free power – enough to support the annual energy needs of more than 100,000\n \n Saskatchewan\n \n homes. It will be developed, constructed and operated by a wholly-owned indirect subsidiary of Enbridge.\n \n \n Financial participation of the partners will be supported, in part, by loan guarantees of up to\n \n $100 million\n \n from the Saskatchewan Indigenous Investment Finance Corporation (SIIFC). The First Nation and Métis partners have an opportunity to acquire equity ownership of at least 30% in the Project.\n \n \n The Project is targeted to be operational in 2027, subject to finalizing commercial agreements, securing the necessary environmental and regulatory approvals, and meeting investment criteria. Enbridge is working toward securing a long-term power purchase agreement with SaskPower to support final investment decisions, anticipated in 2025.\n \n \n \"This is a game-changer for the Indigenous Nations, Métis and First Nations,\" said Chief\n \n Matthew Peigan\n \n of\n \n Pasqua First Nation\n \n . \"This Project will produce emissions-free electricity for\n \n Saskatchewan\n \n and provide a stable source of revenue that will benefi...