That project was absolutely funded before Alberta slashed all funding for renewables projects [0].
This as well as the failed pipeline projects have made Canadian infrastructure projects very high risk from a lending perspective, becuase there's now a non-insignificant risk that a province can welch out of financing a deal purely for short term political gain.
This announcement is a good announcement, but it's just bluster if the entire ecosystem around liability and policy stability isn't managed.
Not just slashed funding but actually banned renewables projects for a period of time and then when they removed the ban they kneecapped them with extremely prejudicial regulations that asymmetrically apply to renewables projects but not to dirty oil and gas projects (which have left a mess of abandoned wells across the province).
This as well as the failed pipeline projects have made Canadian infrastructure projects very high risk from a lending perspective, becuase there's now a non-insignificant risk that a province can welch out of financing a deal purely for short term political gain.
This announcement is a good announcement, but it's just bluster if the entire ecosystem around liability and policy stability isn't managed.
[0] - https://thenarwhal.ca/alberta-renewable-energy-investment-co...