Export Development Canada (EDC) has financed new wind projects in the UK.

A loan of C$7mn has been issued to Vancouver-based wind turbine manufacturer for the construction and installation of turbines designed for power grid application in the UK. The construction will be completed by a newly established UK affiliate of Endurance.

It’s part of a concerted move by EDC to fund renewables projects by Canadian companies – a sector to which the organisation has contributed C$10.6bn since 2009.

EDC’s senior vice-president and global head of financing and investments Benoit Daignault says: “Innovative SMEs like Endurance are the backbone of Canada’s export sector, and Endurance’s creation of a new UK-based affiliate is exactly the kind of investment that EDC loves to see.”

Endurance’s CEO Glenn Johnson adds: “This new venture is part of our future roadmap to continue servicing a growing demand for clean, renewable energy in the global marketplace. Our plans to open a new manufacturing and assembly centre will accelerate that growth by more than doubling our existing manufacturing capacity.”