Paula Olexiuk

The Canada Growth Fund in its connection with its carbon credit offtake agreement and $200 million strategic investment in Entropy Inc.

On December 20, 2023, the Canada Growth Fund announced its agreement to make a $200 million strategic investment in Entropy Inc., coupled with a novel fixed-price carbon credit offtake agreement that represents first ever large-scale, long-term, fixed-price carbon credit offtake commitment in a...

Lead Office: Calgary Date Closed: -- Value: $200 million

TransAlta Corporation in its acquisition of 50% interest in an early-stage pumped hydro energy storage development project

On February 16, 2023, TransAlta Corporation announced that it entered into a definitive agreement to acquire a 50 percent interest in the Tent Mountain Renewable Energy Complex, an early-stage pumped hydro storage development project located in southwest Alberta, from Montem Resources Limited....

Lead Office: Calgary Date Closed: -- Value: -

Cenovus in its purchase of renewable energy from the Cold Lake solar project

On July 22, 2021, Cenovus Energy announced its agreement to purchase 150 megawatts of electricity and renewable energy credits as a bundled PPA, from the Cold Lake solar power project, located in Southern Alberta. Elemental Energy Inc., an operator of renewable energy projects, and the Cold Lake...

Lead Office: Calgary Date Closed: -- Value: -

Genesis Fertilizers in its partnership formation and equity capital raise to develop a 700,000 metric tonne urea plant and six distribution facilities in Western Canada at an estimated $1.7 billion

On May 12, 2021, Genesis Fertilizers Limited Partnership announced its partnership formation and equity capital raise to develop a 700,000 metric tonne urea plant with six distribution facilities in Western Canada at an estimated $1.7 billion. This proposed facility will be built Saskatchewan...

Lead Office: Calgary Date Closed: -- Value: $1.7 billion

Drax Group plc in its acquisition of Pinnacle Renewable Energy

On April 13, 2021, Drax Group plc completed its all-cash acquisition of all of the issued and outstanding shares of Pinnacle Renewable Energy Inc. at a price of $11.30 per share (representing a premium of 13% based on the closing market price as at February 5, 2020 of $10.04 per share and valuing...

Lead Office: Toronto Date Closed: April 13, 2021 Value: $741 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

Steel Reef Infrastructure Corp. in its $500 million acquisition of natural gas infrastructure assets from Crescent Point Energy Corp.

On January 20, 2020, Steel Reef Infrastructure Corp. completed its previously announced $500 million acquisition of natural gas gathering, processing and sales infrastructure assets in Saskatchewan from Crescent Point Energy Corp., an Alberta based oil and gas company. The acquisition adds nine...

Lead Office: Calgary Date Closed: January 20, 2020 Value: $500 million

Calgary Municipal Land Corporation in connection with the $550 million Calgary Event Centre

On December 5, 2019, agreements were signed by Calgary Municipal Land Corporation (CMLC), Calgary Sports and Entertainment Corporation and its affiliates (CSEC aka Flames), Calgary Exhibition and Stampede Ltd. (Calgary Stampede) and the City of Calgary (City) for the construction and operation of...

Lead Office: Calgary Date Closed: December 5, 2019 Value: $550 million

SemCAMS Midstream ULC in its 50/50 joint venture with TransAlta Corporation to develop Kaybob South Cogen Facility

On October 1, 2019, SemCAMS Midstream ULC announced that they have entered into definitive agreements with TransAlta Corporation to develop, construct and operate a new cogeneration facility with an installed capacity of 40MW at the Kaybob South No. 3 sour gas processing plant, which will cost...

Lead Office: Calgary Date Closed: -- Value: $105 million

SemGroup in its $1.8 billion joint venture with KKR including acquisition of Meritage Midstream from Riverstone

On January 10, 2019, SemGroup Corporation and KKR announced the formation of a joint venture to create SemCAMS Midstream ULC, a Canadian midstream infrastructure platform. The companies also announced that SemCAMS Midstream has entered into a definitive agreement to acquire Meritage Midstream ULC...

Lead Office: Calgary Date Closed: February 25, 2019 Value: $1.8 billion