Nova Scotia Power is a leading Canadian company in the energy industry, specializing in the generation, transmission, and distribution of electricity. With a strong commitment to renewable energy, the company provides 95 per cent of the electricity services in Nova Scotia, catering to over 500,000 residential, commercial, and industrial customers. Since its establishment in 1972, the company has developed a dedicated team of 1,700 employees, prioritizing safety and managing assets worth $5 billion. Nova Scotia Power employs a diverse fuel mix, including hydro, tidal, wind, coal, oil, biomass, and natural gas for electricity generation, and has the capacity to produce over 10,000 gigawatt hours annually. The company's facilities can generate up to 2,453 megawatts, delivering electricity across 32,000 km of transmission and distribution lines throughout Nova Scotia. The most recent financial development for Nova Scotia Power is a significant $500.00M Debt Financing investment on 24th March 2023. This substantial investment underscores the recognition and confidence of investors in the company's potential and its impactful role in the energy sector. Nova Scotia Power aligns with the growing global emphasis on renewable energy, demonstrating its potential for sustainable growth and innovation in the industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $117.60M | 1 | Natural Resources Canada | 30 Jul 2024 |
Debt Financing | $500.00M | - | 24 Mar 2023 |
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