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HWIF is excited to announce that it has issued a term sheet for an alternate energy project in Western Canada. Phase 1 is for $69 million and will be followed by two other similar projects in Western Canada of the same size.
The project is going through due diligence, which should be completed in the next 90 days.
HWIF is pleased to announce that it has accepted a loan application for a $20 million waste-to-energy facility in northern Saskatchewan.
The application is now under ESG (Environmental, Social, and Governance) review.
HWIF is pleased to announce it has received a loan application for an AG energy project in central Saskatchewan.
This $10m application is part of a greater syndication agreement that HWIF is undertaking with government participation.
Horizon West Infrastructure Fund Inc. is pleased to announce that a project has cleared phase one of ESG analysis and will now be proceeding to phase II. The project is located in Saskatchewan and the loan application is for $4M but as per the NDA in place between the parties no further details can be released at this time.
Horizon West Infrastructure Fund Inc. is pleased to announce that a project has cleared phase one of ESG analysis and will now be proceeding to phase II. The project is located in Sask and the loan application is for $14M but as per the NDA in place between the parties no further details can be released at this time.
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.