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CIB commits $224.2 million to Port Hawkesbury Paper Wind’s large-scale energy project

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2 years ago

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Goose Harbour Lake Wind Farm will support Port Hawkesbury Paper’s energy needs and Nova Scotia’s clean power transition

$224.2 million towards a significant wind energy project24 wind turbines capable of generating 168 megawatts of electricity13 Mi’kmaw First Nations will buy a 10 per cent stake in the projectTotal project cost is approximately $450 million

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MULGRAVE, NS, Jan. 6, 2025 /CNW/ – The Canada Infrastructure Bank (CIB) is providing $224.2 million in loans to help Port Hawkesbury Paper Wind Ltd build a large-scale wind energy project and support 13 Mi’kmaw First Nations, through Wskijinu’k Mtmo’taqnuow Agency Ltd. (WMA), buy a 10 per cent stake in the project.

The Goose Harbour Lake Wind Farm involves construction and installation of 24 Nordex N163-7.0MW cold climate turbines at a 118 metre hub height with anti-icing system blade technology, producing zero-emission, sustainable electricity generation capacity of 168 megawatts. The lead building team is RES Canada Construction LP.

The wind project will support Nova Scotia’s largest industrial user of electricity, Port Hawkesbury Paper and the provincial energy grid.

The paper mill is a significant contributor to the economic well-being of Nova Scotia, and particularly the eastern region of the province. Economic impact studies confirmed the mill directly employs approximately 325 people, and contracts another 900 jobs, employing hundreds of forestry contractors and suppliers.

The project will create 150 jobs at peak of construction, up to five permanent jobs during the operations phase and generate economic development for the region.

The Indigenous equity loan is the second to WMA, following a deal last year related to an energy storage project in Nova Scotia.

The wind farm is expected to reduce energy production emissions by more than 350,000 tonnes a year, equivalent to 2.4 per cent of Nova Scotia’s emissions in 2021, and help the province’s energy transition, moving from coal to renewables.

Commercial operations are expected to begin in 2026.

The project is being financed under the CIB’s $10 billion Clean Power priority sector, which is dedicated to addressing financing gaps in new projects such as renewables, district energy systems and energy storage.

Endorsements

The Goose Harbour Lake Wind project supports Nova Scotia’s transition to clean energy sources that will significantly reduce the province’s carbon emissions. The CIB’s investment and partnership with Port Hawkesbury Paper Wind Ltd., and Wskijinu’k Mtmo’taqnuow Agency Ltd. (WMA), will create more jobs and bring lasting economic benefits to the region.
Mike Kelloway, Parliamentary Secretary to the Minister of Fisheries and Oceans and the Canadian Coast Guard and Member of Parliament for Cape-Breton–Canso on behalf of the Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities

Our latest clean power investment in Nova Scotia supports sustainable economic development in the Atlantic province and the delivery of electricity to a paper mill which is a large Nova Scotia employer. The $203.9-million investment will help build one of Nova Scotia’s largest wind energy projects and support all First Nations in the province to buy a meaningful equity stake and have a voice through a board position in the project.
Ehren Cory, CEO, Canada Infrastructure Bank

We are in the midst of an energy transition in Nova Scotia, shifting away from fossil fuels toward clean, sustainable renewable energy such as wind. We have a unique opportunity to harness this low-cost resource to increase our energy security, support our green economy, create green jobs, and help us meet our net-zero emissions goal. We applaud Port Hawkesbury Paper for their contribution to these efforts with the Goose Harbour Lake Wind Farm investment, as well as their continued commitment to a sustainable forest sector in Nova Scotia.
Trevor Boudreau, Nova Scotia Minister of Energy

Our investment in major projects like the Goose Harbour Lake Wind Farm, as well as continued capital upgrade projects and annual major maintenance programs are examples of where we want to grow and help the facility succeed for many years to come. We are excited and proud to be working with all our partners to advance this project which will not only contribute to our mission of making top quality competitive forest products, but at the same time be a great place to work and be an environmentally responsible and strong contributor to the province of Nova Scotia.
Ron Stern, President, PHP and PHPWind

Our partnership with Port Hawkesbury Paper Wind and the Canada Infrastructure Bank on the Goose Harbour Lake Wind project represents not just an investment in renewable energy, but also a significant step towards empowering our Mi’kmaq communities. By acquiring a stake in this groundbreaking initiative, we are not only contributing to Nova Scotia’s transition to sustainable energy but also supporting industry, creating jobs and fostering economic development in our region. This project embodies our commitment to balancing environmental responsibility with community growth, ensuring a brighter future for generations to come.
Crystal Nicholas, President, Wskijinu’k Mtmo’taqnuow Agency Ltd.

We are immensely proud of Stonebridge Financial’s role in arranging the construction, ITC bridge and long-term debt financing of the 168 MW Goose Harbour Lake Wind Farm.  In partnership with PHP, WMA, and CIB, we successfully navigated financial complexities to ensure the project’s successful execution. This collaboration highlights our ongoing commitment to renewable energy and our ability to facilitate innovative financing solutions that contribute to a sustainable future.
Cam Di Giorgio, Co-CEO, Stonebridge Financial Corporation

The Goose Harbour Windfarm is a model example of each level of government using tools in their toolbox to encourage industry to advance a renewable energy project that will have an incremental impact on reducing our NS carbon footprint. We are proud to support Port Hawkesbury Paper in their efforts to be more sustainable, and we’re proud to have their project in the Municipality of the District of Guysborough. We all need to do our part in supporting projects that help to support the worldwide move to a more environmentally sound community for generations to come.
Paul Long, Warden Municipality of Guysborough

SOURCE Canada Infrastructure Bank

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LEAP Group Relaunches HumanView, a Growth Intelligence System Built to Explain Why Customers Behave the Way They Do

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2 hours ago

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October 24, 2026

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Reimagined from the ground up, HumanView pairs statistical modeling with expert analysts to turn millions of real-world customer signals into business decisions

LOUISVILLE, Ky., Oct. 23, 2026 /PRNewswire/ — LEAP Group today announced the relaunch of HumanView, its growth intelligence service. The new version has been rebuilt from the ground up and now has a dedicated home at leapgroupnetwork.com/humanview.

HumanView analyzes what customers say and do across social platforms, e-commerce sites, review platforms, search behavior and user-generated content, including signals from Reddit, TikTok, YouTube, Meta, Amazon and Walmart+ that general AI tools cannot always access. Because the data reflects unprompted, real-world behavior, it avoids the response bias built into surveys and focus groups.

The service works in three layers. HumanView captures signals at scale, decodes millions of records through validated statistical models such as regression, correlation and clustering, and then relies on experienced analysts to interpret the patterns. Clients receive clear, human-validated insights instead of another dashboard.

“Machines find the patterns. Humans find the point,” said Alan Gilleo, CEO at LEAP Group. “The first version of HumanView showed us how much customers reveal when nobody is asking them questions. This version is built to explain why they act the way they do, and to put those answers in front of everyone making decisions, from product to service to marketing.”

HumanView focuses on three areas:

Growth Intelligence: customer motivations and how people perceive a brand and its competitors

Market and Category Intelligence: product pain points, service friction, unmet needs and competitive gaps

Audience Intelligence: new segments, positioning opportunities and gaps in the market

Every model is designed and validated by data scientists and benchmarked before it informs a recommendation.

To learn more about HumanView, visit leapgroupnetwork.com/humanview.

About LEAP Group
LEAP Group is a boutique marketing agency holding company with offices in Louisville, Indianapolis, Cincinnati and Chicago. Guided by the belief that brands should “Market Less. Matter More.,” LEAP gives clients access to specialized experts across its entire network. Learn more at leapgroupnetwork.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/leap-group-relaunches-humanview-a-growth-intelligence-system-built-to-explain-why-customers-behave-the-way-they-do-302918557.html

SOURCE LEAP Group

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STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

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October 24, 2026

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

View original content:https://www.prnewswire.com/news-releases/stephen-a-smith-addresses-white-house-dinner-attendance-reaffirms-commitment-to-hbcus-and-protecting-corporate-investment-in-black-education-302918547.html

SOURCE Straight Shooter Media

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Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

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3 hours ago

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October 24, 2026

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TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

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