Fortis Inc.and Teck Resources Limited have announced an agreement under which Fortis will purchase Teck’s two-thirds interest in the Waneta Dam and related transmission assets in British Columbia, Canada, for CAD1.2 billion cash (US$878 million).
Energy Finance & Investment News in Canada
First Infrastructure Capital Advisors, a subsidiary of Quanta Services, held a US$750 million first close on its debut fund, First Infrastructure Capital.
SNC-Lavalin Group Inc. has announced that it has reached an agreement with WS Atkins plc, approved by the boards of directors of both companies, on the terms of a cash acquisition by which SNC-Lavalin will acquire the entire issued and to be issued share capital of Atkins for £20.8 (US$22.3) per share in cash, representing an aggregate cash consideration of CAD3.6 billion (US$2.7 billion).
The Alberta Electric System Operator (AESO) has issued a Request for Expressions of Interest (REOI) to initiate the first competitive procurement process as part of the Renewable Electricity Program (REP).
Anbaric, a developer of clean energy transmission and microgrid projects, and Ontario Teachers' Pension Plan have announced a partnership to create a new development company, Anbaric Development Partners.
Pattern Energy Group LP has announced the completion of CAD263 million (US$195 million) construction-to-term financing for its 147 MW Mont Sainte-Marguerite Wind project, which is now entering full-stage construction.
Kineticor Resource Corp., in partnership with OPTrust, has closed the acquisition of a partially constructed 690 MW cogeneration plant located near Peace River, AB from Shell Canada.
Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
Capital Power Corporation has announced that it has entered into an agreement to acquire the thermal power business of Veresen Inc., consisting of two gas-fired generation facilities and two waste heat assets.
Boralex Inc. has announced the closing of a CAD33.4 million (US$25.4 million) financing for the 10 MW Port Ryerse wind farm in Ontario, Canada.
IKEA Canada has signed agreements to acquire an 88MW wind farm located near Drumheller, Alberta approximately 130 km east of Calgary.
Canadian Solar Inc., has announced that it has completed the sale of shares of 3 utility-scale solar farm holding companies, SSM 1 Solar ULC, SSM 2 Solar ULC, and SSM 3 Solar ULC, totaling 59.8 MW AC to Fengate SSM Holdco LP, an affiliate of Fengate Real Asset Investments for over CAD257 Million (US$195.59 Million).
Harbour City Solutions consortium has been selected as the preferred proponent to design, build, finance, operate and maintain, a biosolids management project for the City of Hamilton, Ontario (Canada).
The Canadian Wind Energy Association (CanWEA) expects Canada to install approximately 700 MW of new wind energy capacity in 2017.
Northleaf Capital Partners has announced that it has held the final closing for its second OECD-focused pooled infrastructure fund, Northleaf Infrastructure Capital Partners II (NICP II), at its US$950 million hard cap.
Boralex Inc. has closed financing for the Yellow Falls hydroelectric project in Ontario for CAD74.3 million (US$54.9 million).
MWH, now part of Stantec, has hired David Rupay to lead the company’s Canadian hydropower and dam operations.
Minnesota Power's Great Northern Transmission Line received federal approval today when the U.S. Department of Energy issued a Presidential Permit, clearing the way for building the international transmission line to deliver clean energy from Canada’s extensive hydropower resources to Minnesota while strengthening reliability of the power grid.
General Electric (GE) has announced the appointment of six new company officers.
Suncor has appointed Michael Creel to the firms's board of directors. Mr. Creel's appointment will be effective on 1 January 2017.