I was very happy to see this announcement come forward. I've been really impressed with the array of projects that the Canada Infrastructure Bank funds. Clean power has been a significant part of that for the CIB, particularly working with first nations, with indigenous people, to basically give them energy security in the north with renewable projects. That is good for those communities. It's resilience.
What I see with this project is a much larger version of that for Nova Scotia. Nova Scotia, as you state, has real challenges with power. The clean power supply is not there. The other piece that I think is really compelling is that this is a first stage in a much bigger build-out of renewable electricity on the Atlantic coast of Canada. Nova Scotia has enormous wind resources, both offshore and onshore. This is an onshore project. There are enormous resources in Newfoundland—onshore as well.
These are world-class wind resources that Canada is currently not reaping any benefit from. Nova Scotia is leading the way here with an exemplary project, leveraging private capital and creating energy choice for Nova Scotians, as well as building those initial building blocks to have a much larger clean grid in Atlantic Canada, which I think will benefit many more Canadians than just the Nova Scotians.