Leaders from all levels of government gathered on the southern shore of Nova Scotia to announce a multi-million-dollar loan to help a renewable energy project expected to bring jobs and lower electricity costs.

The federal government is loaning the development $206 million from the Canada Infrastructure Bank. It will help construct the 33 wind turbines and grid network needed to bring the energy from the Mersey River Wind project to households across the province.

When completed, the project will supply 148.5 megawatts of zero-emission electricity.

“It means enough electricity to power 50,000 Nova Scotia homes,” federal Energy Minister Tim Hodgson.