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Infrastructure Bank Closes $20M Loan for Nunavut Wind Power at Hope Bay

Agnico Eagle Mines logoAgnico Eagle Mines
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The Canada Infrastructure Bank has closed a $20-million loan for an Inuit-led Nunavut wind project developed by the Kitikmeot Inuit Association and Tugliq Energy. The plan installs a 4.2-megawatt turbine plus four-megawatt battery storage to supply Agnico Eagle’s AEM-T operations at Hope Bay, cutting diesel use by up to three million litres and lowering emissions by about 13,000 tonnes annually, with peak construction jobs and long-term community profit-sharing.

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