MCK and CDPQ Partner to Finance Renewable Energy Infrastructure Projects
- Editor
- Feb 3
- 1 min read
What's Happening: The Mohawk Council of Kahnawà:ke (MCK) and CDPQ have announced a financial and strategic partnership to jointly invest in renewable energy infrastructure projects in Québec. The partnership aims to facilitate funding access for Indigenous communities interested in participating in these projects.
The Key Moves:
Establish partnerships based on trust and alignment of interests to promote social acceptability of projects
Provide technical capacity for communities to negotiate complex agreements and analyze financial terms
Propose innovative solutions allowing communities to participate and access sufficient capital for project stakes
By The Numbers :
As of June 30, 2024, CDPQ's net assets totaled CAD 452 billion
MCK is involved in the 24 MW Des Cultures wind farm and 147 MW Les Jardins wind farm
MCK is participating in the 58 km Hertel-New York Interconnection Line
Key Quotes:
"We believe the time is right for our communities to participate in the energy transition by owning and benefiting from energy infrastructure on our ancestral lands," said Grand Chief Cody Diabo of the MCK
"We are delighted to be working with the Mohawk Council of Kahnawà:ke in this partnership to fund renewable energy infrastructure projects," said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ
"This partnership reflects our commitment to supporting sustainable and inclusive development initiatives while contributing to Québec's energy transition," added Emmanuel Jaclot
The Bottom Line: This partnership between MCK and CDPQ represents a significant step towards increasing Indigenous participation in renewable energy projects. By providing access to funding and technical expertise, it aims to position Indigenous communities at the heart of project development, fostering sustainable and inclusive growth in Québec's energy sector.
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