Ledger record YTD26-033
June 15, 2026 · effective June 15, 2026
Rose Valley Wind reached financial close with $164.4 million of Canada Infrastructure Bank financing and majority ownership by a 10-First-Nation development corporation.
This is executed project finance, not only an equity promise: a $128-million project loan and $36.4-million Indigenous equity loan support a 210-megawatt project with a SaskPower power-purchase agreement.
Disclosed
$164.4 million
$128M project loan plus $36.4M Indigenous equity loan
Where it stands
Financing closed; construction and delivery of 28 turbines remained ahead.
What would move it next
Construction progress, commercial operation, final cost, and first distributions.
The other view
Financial close materially improves certainty but does not eliminate construction, wind-resource, availability, counterparty, refinancing, or governance risk.
Unresolved
- What percentage and economics sit with M-Squared after all financing?
- What construction-completion and downside protections apply to the Indigenous equity loan?
Primary sources
No independent verification is recorded for this entry. That is part of why it carries the confidence rating it does.