The Canada Infrastructure Bank (CIB) is supporting the construction of the 102.2 MW Mesgi’g Ugju’s’n 2 Wind Farm (MU2) in Gespe’gewa’gi, also known as the Gaspésie–Îles-de-la-Madeleine region. The bank is investing \$108.3 million, including its first Indigenous equity loan in Quebec.
The project is a partnership between Mi’gmawei Mawiomi Business Corporation (MMBC), representing the Gesgapegiag, Gespeg and Listuguj Mi’gmaq communities, and Innergex Renewable Energy. Of the total investment, the CIB is providing a \$15.8 million equity loan to support MMBC’s participation, and $92.5 million is allocated to project construction. It was the only project selected from two provincial tenders for 780 MW of renewable energy to include an Indigenous community partner as a sponsor.
Further financing includes a $163.9 million green loan, a $41 million construction bridge loan and a letter of credit facility provided by CIBC, Desjardins and National Bank of Canada.
MU2 will be built on the Mi’gmaq traditional territory of Gespe’gewa’gi, near Rivière-Nouvelle, next to the 150 MW Mesgi’g Ugju’s’n Wind Farm (MU1), which is also a 50/50 partnership between the Mi’gmaq communities and Innergex. The new facility will use Nordex turbines and supply electricity under a 30-year power purchase agreement with Hydro-Quebec, enough to power 20,000 homes in the province.
Operations are expected to begin in late 2026.
