SUPPORTING INDIGENOUS COMMUNITIES. On National Day for Truth & Reconciliation, Stonebridge Financial Corporation reflects on its contributions to First Nations communities and is proud of the partnerships and measurable impact it has made to date.
Among its $7.6 billion in financings, Stonebridge has provided more than $640 million in loans to 19 different renewable power projects on behalf of 15 First Nation communities and their partners across Canada. These include wind, solar and hydroelectric projects generating over 300 megawatts of clean, sustainable energy.
The first transaction was in 2012 – Stonebridge provided financing to the Alderville First Nation of the Ojibways to construct a 5.7 megawatt solar farm near Cobourg, Ontario. Notably, this was the first project in Canada to be 100% owned by a First Nation – a excellent example of both energy and economic sovereignty. Not only does this asset generate clean power for their homes, it also generates cash flows to reinvest into their community.
If you are looking to finance your next power, infrastructure or other project, contact Stonebridge to discuss how it may assist in realizing it.
