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HWIF NEWS

Explore Horizon West's impactful projects and community initiatives. 

November 29, 2023

HWIF is pleased to announce it has accepted a loan application to fund a new plant in Northern Alberta.

 

HWIF Loan Value $20M CDN

 

  • Lithium project

  • Federal government and US government financial participation

  • $80M CDN project

  • Estimated funding Q4 2024

 

November 10, 2023

Q4 Capital the parent company of HWIF is pleased to announce it has accepted a financial consulting contract to work on an exciting transportation project in Manitoba. Details of funding are not being released at this time but this municipal based infrastructure project is likely to be requiring funding in Q4 2024.

November 1, 2023

HWIF has signed a Letter of Intent to fund a project with a syndicate of financiers.  The funding will begin in 2024.

Details are as follows:

HWIF Loan Value: $20M CDN

  • GHG Monitoring program – retrofit of existing buildings

  •  $20M loans, $100M second tier financing provided by Canadian Infrastructure Bank (CIB)

  •  Funding is released over two year period commencing in Q2 2024. Numerous municipal governments will be participating in monitoring program.

May 1, 2023

HWIF is pleased to announce the following project has received ESG approval and is moving to receive regulatory and municipal approval from the Province of Sask. The particulars of the project are as follows:

 

HWIF Loan Value $14M CDN

  • Water and Waste-water treatment facility

  • Estimated funding Q1 2025

November 2, 2021

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HWIF has formally announced today that ESSAFIN Logic has been chosen as their ESG risk analysis service provider. "We are very pleased to have ESSAFIN Logic onboard to carry out independent ESG risk evaluation as part of our application review process", says David Brundige Q.C., Chair of HWIF.  Mr. Brundige further indicated, "we are committed to supporting infrastructure opportunities with the highest standards of environmental sustainability and social responsibility, and we are confident that ESSAFIN Logic is not only the right company but indeed the only Canadian firm capable of helping us achieve our objectives.” 

 

ESSAFIN Logic offers a novel SAAS risk analysis tool to evaluate and prevent impact to environmental, social, and governance (ESG) values. ESSAFIN also offers advisory support to establish or enhance ESG frameworks for businesses, from startups to large-scale firms. Using ESSAFIN will ensure HWIF meets its commitments to the Equator Principles, Principles for Responsible Investment, IFC performance standards, and the UN’s Sustainable Development Goals.

 

In response to this announcement, Darren Brown, Founder and CEO of ESSAFIN Logic, voiced, "we are thrilled to have this opportunity with Horizon West and we look forward to working with them to deliver on their goal of sustainable infrastructure development across western Canada.” Darren added, “financial institutions play a major role in the transformation to an environmentally sustainable and socially accountable world and HWIF is demonstrating its leadership on this stage."

HWIF has embraced their vision of People, Planet, and Prosperity through an integrated approach to infrastructure funding. HWIF offers the first fund of its kind in Canada to apply independent ESG risk analysis in its application process.

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