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Oneida Energy Storage will support economic growth, create energy savings and reduce greenhouse gas emissions in Ontario
TORONTO, May 19, 2021 /CNW/ -
The Canada Infrastructure Bank (CIB) will invest up to $170 million in the half billion dollar Oneida Energy Storage project, in Southwestern Ontario.
Under the terms of the investment agreement in principle, Oneida Energy Storage LP, together with private sector lenders, will finance the balance of the project s capital cost, which will be confirmed and announced at financial close this summer. Construction is anticipated to begin in fall 2021.
/CNW/ - The Canada Infrastructure Bank (CIB) and Oneida Energy Storage LP announced today the signing of a Memorandum of Understanding (MOU) for the Oneida.