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ARTICLE · 13 APRIL 2026

Financing Canada’s Energy Superpower Ambitions

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Project financing will play a critical role in meeting Canada’s energy superpower ambitions. The project finance landscape in Canada for 2026 is characterized by a shift from "high interest rate defense" to "strategic execution"...

CanadaFinance and Banking
Scott Kraag
Scott Kraag
Kevin A. Fougere
Kevin A. Fougere
Milosz Zemanek
Milosz Zemanek
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Project financing will play a critical role in meeting Canada’s energy superpower ambitions. The project finance landscape in Canada for 2026 is characterized by a shift from "high interest rate defense" to "strategic execution" on a dynamic and growing pipeline of projects requiring non-recourse financing. With interest rates stabilizing, a massive federal infrastructure commitment taking effect, and significant provincial RFPs for wind and battery storage now launched in British Columbia, Ontario and Québec, the project finance market is robust and project finance lenders are extremely active. Meanwhile, the market is poised and well positioned to support the “Nation Building” projects that are currently in the development phase and nearing the Final Investment Decision (FID) threshold that will trigger discussions with leading project finance lenders from Canada, Japan, and Europe.

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