Canada announces almost C$270 million for New Brunswick energy projects
Natural Resources Canada announced nearly C$270 million on 13 October for two clean and reliable energy projects in New Brunswick. The Canada Infrastructure Bank will provide NB Power with a C$219 million site-development loan to support planning for rehabilitation of the Mactaquac hydroelectric station.
Event / data period: 2026-10-13
Published: · Updated:
A further C$50 million in federal funding will support a STATCOM project at Salisbury Terminal. Mactaquac is a 672-megawatt hydroelectric station; the Salisbury investment is intended to strengthen grid stability in southern New Brunswick and support renewable integration. The announced amounts fund project work and do not mean construction is complete or new capacity is already operating.
Data
Announced project funding
Amounts announced for two New Brunswick energy projects.
| Mactaquac planning loan | 219 |
| Salisbury STATCOM investment | 50 |
Methodology
Funding amounts stated in the release are shown in millions of Canadian dollars. The C$219 million is a loan and C$50 million is project funding; the overall package is described as almost C$270 million.
Updated:
Subjects and places
Subject proposals
- Renewable energySuggested
- Subject suggested from the title or summary: hydroelectricwww.canada.ca ↗
Geographic references
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- Canada · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.canada.ca ↗