Project Finance

Highland Electric Fleets in connection with its $50 million credit facility with the Canada Infrastructure Bank.

On May 8, 2024, Canada Infrastructure Bank (CIB) announced that it has reached a financial close on a loan facility with Highland Electric Fleets (Canada) ULC worth up to $50 million to help finance the supply of Zero Emission Buses to school boards across Canada. Highland Electric Fleets intends...

Lead Office: Toronto Date Announced: May 8, 2024 Value: $50 million

iCON Infrastructure in its investment in QSL

On February 23, 2024, QSL International Ltd. announced the arrival of new shareholders: funds advised by iCON Infrastructure LLP, CDPQ and the QSL management shareholders already active in the company's capital. QSL is a North American port terminal and logistics operator headquartered in...

Lead Office: Toronto Date Closed: February 23, 2024 Value: -

Pattern Energy Group LP in its 150 MW Lanfine Wind power project

On July 11, 2023, Pattern Energy Group LP announced that it completed construction and have started operations at its 150 MW Lanfine Wind power project located in Alberta, Canada. This project will generate landowner revenue and project tax revenue to the local community. In addition, Lanfine Wind...

Lead Office: Toronto Date Closed: July 11, 2023 Value: -

Potentia Renewables Inc. and Greengate Power Corporation in connection with the financing for the Paintearth Wind Project

On April 18, 2023, Potentia Renewables Inc. (“Potentia”) and Greengate Power Corporation (“Greengate”) announced the closing of financing for the Paintearth Wind Project, located in Alberta. This project is owned by Potentia (75 percent) and Greengate (25 percent). KfW IPEX-Bank,...

Lead Office: Toronto Date Closed: April 18, 2023 Value: -

BluEarth Renewables in its non-recourse debt financing

On April 27, 2022, BluEarth Renewables Inc. closed approximately CAD$170 million in non-recourse debt financing for the Hand Hills Wind Project in Alberta, Canada. The Project will comprise 29 wind turbines generating 145-MW, providing clean, renewable energy for approximately 68,000 homes annually...

Lead Office: Toronto Date Closed: April 27, 2022 Value: $170 million

Potentia Renewables in five unique, long term, non-recourse project financings

On April 6, 2022, Potentia Renewables Inc. (Potentia) announced that it has closed five unique, long term, non-recourse project financings for each of its Stirling, Wheatland, Jenner 1, Jenner 2 and Jenner 3 Wind Energy Facilities currently under construction in Alberta. This milestone is another...

Lead Office: Toronto Date Closed: April 6, 2022 Value: -

Wheatland Wind Project in its approval for construction

On September 16, 2021, Wheatland Wind Project announced it has gained approval to move forward with its construction of 24 wind turbines, as well as an accompanying substation and associated utility infrastructure. The Wheatland Wind Project (WWP) is a 122.4-megawatt (MW) wind power plant located...

Lead Office: Toronto Date Closed: -- Value: -

EllisDon Capital in its bid on the Burnaby Hospital Redevelopment Project

In May 2021, EllisDon Capital Inc. was named the successful proponent for the $612 million Phase 1 Burnaby Hospital Redevelopment Project. Phase 1 of the project includes the construction of a new six storey, 83 bed pavilion with underground parking and the expansion of the emergency department,...

Lead Office: Toronto Date Closed: May 1, 2021 Value: $612 million

Canada Infrastructure Bank in its $407.5 million loan to create additional irrigable acres in Alberta

On October 9, 2020, Canada Infrastructure Bank announced its intention to provide $407.5 million in funding to a Special Purpose Vehicle supported by the Province of Alberta and eight Irrigation Districts to create more than 200,000 additional irrigable acres. The deal reached financial close on...

Lead Office: Calgary Date Closed: December 21, 2020 Value: $407.5 million

SP Armow Wind Ontario LP in its $700 million financing

On September 21, 2020, SP Armow Wind Ontario LP completed its $700 million financing in non-recourse debt to finance working capital requirements for the Armow wind farm in Canada. SP Armow Wind Ontario LP is a 50/50 joint venture comprising of Pattern Energy Group and Samsung Renewable Energy...

Lead Office: Toronto Date Closed: September 21, 2020 Value: $700 million