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Canada Infrastructure Bank to invest up to $170 million in one of the world's largest clean energy storage projects


Logo Six Nations of the Grand River (CNW Group/Canada Infrastructure Bank)
Logo NRStor Incorporated (CNW Group/Canada Infrastructure Bank)
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. ....

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