The Globe and Mail reports in its Wednesday edition that Potentia Renewables Inc. and Greengate Power Corp. have closed $250-million in financing for their newest Alberta wind farm joint venture, taking advantage of an unusual debt product that rewards borrowers for meeting climate and social objectives and penalizes them if they fail to meet those goals. The Globe's Jeffrey Jones writes that Desjardins Group is providing half of the financing, offering Potentia and Greengate a swap feature designed to reduce interest-rate risks and also give them cash back for meeting environmental, social and governance performance goals. The structure is unique to North America, the Montreal-based financial co-operative said. Germany's KfW IPEX-Bank is providing the remainder of the financing. Potentia and Greengate are developing the 190-megawatt Paintearth wind farm in central Alberta. The project, which includes 38 turbines, began construction in 2022 and is scheduled to be in service next year. Power Corp.'s Potentia owns 75 per cent of the project and Greengate of Calgary has the remainder. It is their third jointly developed wind project in a province undergoing a multibillion-dollar boom in renewable energy development.