Recent Transactions
Cascade Power Project
- Location:
- Edson, Alberta
- Type:
- Combined cycle power plant
- Size:
- 900 MW
- Solution:
- Construction to term financing
Provided debt solution to build and operate a 900MW combined cycle gas turbine power plant that benefits from long term agreements.
When complete, Cascade is expected to be largest, most efficient CCGT plant in Alberta, providing 8% of Alberta’s power and generating 62% less CO2 emissions compared to traditional coal-fired generation.
Claresholm Solar Project
- Location:
- Willow Creek, Alberta
- Type:
- Solar photovoltaic
- Size:
- 132 MW
- Solution:
- Construction to term financing
Co-led financing for the construction of a 132MW (AC) solar photovoltaic project, with a portion of electricity to be sold under long-term contract and balance sold into the wholesale market.
Claresholm is one of Canada’s largest solar facilities and an important asset in Alberta’s transition to clean electricity generation.
Genesee Lake Holding Corp
- Location:
- Alberta
- Type:
- Electricity transmission
- Size:
- 500km of 500kV lines
- Solution:
- Acquisition financing
Provided long term financing for the private purchase of Alberta PowerLine, 500km of electric transmission lines (500kV) and two 500kV substations.
APL owns and operates the Fort McMurray West 500-kV Transmission Project, the longest 500-kV AC transmission line in Canada and benefits from 35-year availability-based tariffs.
WattBridge
The Infrastructure Private Debt team has concluded a financing transaction for WattBridge. WattBridge used proceeds from the transaction to refinance existing Holding Company indebtedness and intends to use the additional liquidity to expand its portfolio, delivering a safe, fast, cost-effective pathway to progress the energy transition.
WattBridge owns a growing portfolio of fast-start, peak-power projects that will soon expand beyond the ERCOT Houston zone of Texas. The portfolio is well positioned to deliver power during peak-demand times, helping to ensure energy security and support the transition to renewable energy.
