By Alec Bruce Local Journalism Initiative MULGRAVE — Backed by a $224-million loan from the Canada Infrastructure Bank (CIB) this week, Port Hawkesbury Paper Wind Ltd. (PHPW) has officially approved its Goose Harbour Lake Wind Farm in the Municipality of the District of Guysborough (MODG). “The project is now fully financed and a final investment decision has been made,” PHPW Director Nigel Cave told The Journal at the federal funding announcement in Mulgrave on Jan 6. “The total project costs are in the neighbourhood of $450 million.” The CIB loan will enable PHPW to build and install 24 Nordex cold-climate turbines on a 43-hectare plot of provincial Crown land. These turbines will generate up to 168 megawatts of energy, supplying roughly 60 per cent of the power needs for PHPW’s…
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