The Canada Infrastructure Bank has provided a $20-million loan for an Inuit-led wind project in Nunavat, serving Agnico Eagle's AEM-T operations in Hope Bay. The project includes a 4.2-megawatt wind turbine and a four-megawatt battery energy storage system, expected to cut diesel use by up to three million litres and lower emissions by 13,000 tonnes per year. Natural Resources Canada has already contributed $25-million to the project through its Smart Renewables program. The loan is the second provided by the infrastructure bank for a wind project in Nunavut, following a previous $6.7-milion loan for a project in Sanikiluaq.
Written by the local model on 2026-09-09,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
The Canada Infrastructure Bank has provided a $20-million loan to support an Inuit-led wind project in Nunavut. The project, led by the Kitikmeot Inuit Association and Tugliq Energy, will power the operations of Agnico Eagle Mines Ltd.'s gold mine at Hope Bay. The project includes a 4.2-megawatt wind turbine and a four-megawatt battery energy storage system, which is expected to reduce diesel use by up to 3 million litres and lower emissions by 13,000 tonnes per year. The project will create 15 jobs during peak construction and provide long-term benefits to local communities through profit-sharing. This is the second wind project in Nunavut supported by the Canada Infrastructure Bank, following a previous loan of $6.7 million for a project in Sanikiluaq.
Written for “Nunavut Wind Power Project” on 2026-09-09,
grounded in this article and the 0 other(s) covering the same event.
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No political leaning scored for article 7181 · logged 2026-09-09
The Canada Infrastructure Bank has closed a $20-million loan for an Inuit-led wind project serving a gold mine in Nunavut.
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Bank → close → Nunavut
The project includes a 4.2-megawatt wind turbine and a four-megawatt battery energy storage system that would power Agnico Eagle Mines Ltd.’s AEM-T operations in Hope Bay.
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that → include → Bay
The project is expected to cut annual diesel use by up to three million litres and lower emissions by some 13,000 tonnes per year.
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project → expect → year
Natural Resources Canada has already contributed $25-million to the Hope Bay project through its Smart Renewables and Electrification Pathways program.
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Canada → contribute → program
In May, Agnico Eagle gave the official go-ahead to proceed with its Hope Bay project, which would be one of Canada’s northernmost mines.
uncertain
which → give → mines
The infrastructure bank said the project is expected to employ 15 people during peak construction and provide long-term benefits to local communities through profit-sharing.
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project → say → sharing
It’s the second project in Nunavut for the federal agency, following its $6.7-milion loan for a wind project in Sanikiluaq.
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It → ’ → Sanikiluaq
Agnico Eagle previously attempted to build a wind farm near another of its mines in the territory called Meliadine, which it had been planning to expand.
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it → attempt → which
The proposal garnered community opposition.
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proposal → garner → opposition
The Nunavut Impact Review Board recommended the extension be rejected and the company withdrew its proposal.
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company → recommend → proposal
