June 15 , 2026
Majority Indigenous ownership delivering clean energy, economic and community benefits.
The CIB is proud to support the Rose Valley wind energy project in Saskatchewan with a $164.4 million loan.
The project includes 28 wind turbines (210 MW) and will provide renewable electricity through a power purchase agreement with SaskPower, while allowing for majority Indigenous ownership through M-Squared Renewables.
In addition to long-term community revenues, the project is expected to create contracting, capacity building and employment opportunities for the ten participating First Nations during construction.
Future Benefits
CEO Ben Greenhouse, Potentia
“Closing the financing of the Rose Valley project is an important milestone for Potentia and reflects the continued momentum of renewable energy development in Saskatchewan. This project brings together experienced financial partners and strong collaboration to deliver reliable, low-cost power while supporting long-term economic benefits for local communities.”
Tribal Chief Jeremy Norman, Meadow Lake Tribal Council
“The Meadow Lake Tribal Council (MTLC), through its partnership in M2 Renewables, is proud to participate in the development of a 200MW wind energy project in Saskatchewan. This project will provide clean, renewable power while providing long-term economic benefits for the nine nations of MLTC. Through our partnerships, we are helping build Saskatchewan’s energy future while advancing indigenous ownership, economic reconciliation, and self determination.”
Project Success
Chief Daryl Watson, Mistawasis Nehiyawak
In conjunction with the CIB and other lending partners, projects of this size depend on strong communication and collaboration. We congratulate SaskPower, Potentia, the MLTC Nations and Misty Ventures on building a positive relationship through a successful procurement process. This project demonstrates how continued teamwork can help advance truth and reconciliation.
To read more about the PPA signing, visit www.saskpower.com.
Upcoming
Stay tuned for forthcoming newsletters in 2026 that will showcase our partners, employment opportunities and the ongoing developments of Misty Ventures Inc.
