Grants and Contributions:

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Title:

Expansion project for LM Wind Power Blades (Canada) facility in Gaspe, Quebec

Agreement Number:

817321

Agreement Value:

$25,000,000.00

Agreement Date:

Apr 1, 2021 - Dec 31, 2027

Description:

LM Wind Power will produce and export some of the world's largest rotor blades for markets in Europe and the U.S., which will help position Canada as a world leader in green energy. The project includes an expansion of the company's wind turbine blade plant in Gaspé, Quebec.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

Accelerate the growth of productivity through technology development and implementation.

Location:

Gaspe, Quebec, CA G4X2M1

Reference Number:

033-2022-2023-Q3-817321

Agreement Type:

Other transfer payment

Report Type:

Grants and Contributions

Recipient Business Number:

845268671

Recipient Type:

For-profit organization

Additional Information:

This is a partially-repayable contribution.

Recipient's Operating Name:

LM Wind Power Blades (Canada) Inc.

Recipient's Legal Name:

LM Wind Power Blades (Canada) Inc.

Federal Riding Name:

Gaspésie--Les Îles-de-la-Madeleine

Federal Riding Number:

24026

Program:

SIF Stream3- Attraction

Program Purpose:

-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

339900