ReNewCanada
Summary
The Canada Infrastructure Bank (CIB) is providing Alberta electricity transmission companies, AltaLink, L.P (AltaLink) and ATCO Electric Ltd. (ATCO) with financing to construct a new transmission line in the counties of Red Deer, Lacombe and Stettler.
“The CIB’s investment in the Central East Transfer-Out project will improve Alberta’s transmission capacity while creating the opportunity for clean energy sources to be added to the grid. As the CIB’s first investment through the Clean Power priority sector, this project will help build a cleaner economy and support Alberta’s clean energy transition,” said Sean Fraser, Minister of Housing, Infrastructure, and Communities.
This is CIB’s first investment in energy transmission under its $10 billion Clean Power priority sector, which is dedicated to addressing financing gaps in new projects such as renewables, transmission, district energy systems and energy storage.
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