Alexander Business Corporation, First Nation Power Development (FNpower), Concord Green Energy (a subsidiary of Concord Pacific), and the Canada Infrastructure Bank have reached financial close on the Tilley Solar Project.
The CIB committed $33 million to the Tilley Solar project, located 200 kilometres southeast of Calgary in Newell, Alberta, on Treaty 7 Territory. The total project cost is $52 million and will include the economic interests of the Alexander First Nation and FNpower, an Indigenous-owned organization dedicated to empowering First Nation community ownership and participation in the emerging renewable energy industry.
The CIB’s investment towards the solar facility advances First Nation economic participation in the clean energy transition, along with improving grid stability and reliability by adding needed electricity generation.
The signing of the power project agreement. Chief George Arcand Jr of Alexander First Nation is second from left. Credit: Tilley Solar/CIB.
With First Nations in an ideal position to take on meaningful ownership and drive economic reconciliation opportunities, this project demonstrates a First Nation-led initiative actively participating in the renewable energy industry while aiding in diversifying the sector.
“I would like to thank the CIB for their tremendous support and dedication to the Tilley Solar Project. This signifies the economic viability of the project for our Nation for many years to come. With that comes long-term careers/jobs for our Nation members, consistent revenue for the Nation, and our footprint into the green energy space,” said Chief George Arcand Jr, Alexander First Nation.
“I would also like to thank and congratulate Alexander Business Centre, First Nation Power Development, and Concord Green Energy for their unwavering hard work and commitment to bring this project into fruition. I am beyond excited to see the end product as a green energy source which is important to us as First Nations people who are stewards of the land. Hiy hiy.”
The 23.6-megawatt solar farm, which includes 69,450 fixed-tilt solar photovoltaic panels, will help reduce greenhouse gas emissions in Alberta by approximately 14,200 tonnes annually.
The sustainable, large-scale energy project will support long-term socio-economic benefits for the Nation and their partners. The project will generate more than 280 full-time jobs at peak and is estimated to create $14 million in direct labour income and add $6 million of indirect labour income.
In collaboration with the Alberta Indigenous Clean Energy Initiative, led by PrairiesCan, Indigenous Services Canada (ISC) contributed $1 million to Alexander First Nation towards its investment in the Tilley Solar Project. The ISC support advances reconciliation in securing First Nation ownership of the clean power project.
Following the CIB’s recent investment in the Deerfoot and Barlow Solar projects in Calgary, Tilley Solar represents the CIB’s second Indigenous Community Infrastructure Initiative clean power investment to reach financial close in Alberta.
“Indigenous leadership in the clean energy space is resulting in more job-creating projects that will deliver affordable, reliable, and clean power to communities. The Alexander First Nation’s Tilley Solar Project is an innovative example of economic reconciliation, as we build our net-zero future. The Government of Canada is pleased to support this vital work,” said Jonathan Wilkinson, Minister of Energy and Natural Resources.
