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Energy Finance & Investment News in Canada

Fortis to buy interest in a hydro project from Teck Resources

Fortis to buy interest in a hydro project from Teck Resources

🕔May 16, 2017

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).

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Quanta subsidiary raises $750 million in first close on its debut fund

Quanta subsidiary raises $750 million in first close on its debut fund

🕔May 8, 2017

First Infrastructure Capital Advisors, a subsidiary of Quanta Services, held a US$750 million first close on its debut fund, First Infrastructure Capital.

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SNC-Lavalin to acquire WS Atkins

SNC-Lavalin to acquire WS Atkins

🕔Apr 24, 2017

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).

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Alberta initiates renewable procurement programme

Alberta initiates renewable procurement programme

🕔Apr 17, 2017

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).

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Anbaric, Ontario Teachers' to form clean energy infrastructure alliance

Anbaric, Ontario Teachers' to form clean energy infrastructure alliance

🕔Mar 14, 2017

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.

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Pattern Development reaches FC on 147 MW wind project in Québec

Pattern Development reaches FC on 147 MW wind project in Québec

🕔Mar 13, 2017

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.

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Kineticor acquires power plant and secures investment from OPTrust

Kineticor acquires power plant and secures investment from OPTrust

🕔Mar 13, 2017

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.

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Canadian Solar Raises US$20 million from CPDFund

Canadian Solar Raises US$20 million from CPDFund

🕔Mar 10, 2017

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.

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Capital Power acquires 294 MW of power facilities in Canada

Capital Power acquires 294 MW of power facilities in Canada

🕔Mar 7, 2017

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.

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Boralex closes financing for the Port Ryerse wind farm in Ontario

Boralex closes financing for the Port Ryerse wind farm in Ontario

🕔Feb 23, 2017

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.

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IKEA Canada to purchase second wind farm in Alberta

IKEA Canada to purchase second wind farm in Alberta

🕔Feb 13, 2017

IKEA Canada has signed agreements to acquire an 88MW wind farm located near Drumheller, Alberta approximately 130 km east of Calgary.

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Canadian Solar sells the solar assets to Fengate Capital

Canadian Solar sells the solar assets to Fengate Capital

🕔Feb 10, 2017

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).

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Bird Construction selected as preferred bidder for Hamilton Biosolids Project

Bird Construction selected as preferred bidder for Hamilton Biosolids Project

🕔Feb 9, 2017

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).

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Canada to install 700 MW of wind capacity in 2017

Canada to install 700 MW of wind capacity in 2017

🕔Feb 1, 2017

The Canadian Wind Energy Association (CanWEA) expects Canada to install approximately 700 MW of new wind energy capacity in 2017.

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Northleaf closes second infra fund at hard cap

Northleaf closes second infra fund at hard cap

🕔Jan 27, 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.

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Boralex closes financing for yellow falls hydropower project

Boralex closes financing for yellow falls hydropower project

🕔Dec 28, 2016

Boralex Inc. has closed financing for the Yellow Falls hydroelectric project in Ontario for CAD74.3 million (US$54.9 million).

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MWH hires David Rupay to lead the firm’s Canadian hydropower

MWH hires David Rupay to lead the firm’s Canadian hydropower

🕔Dec 14, 2016

MWH, now part of Stantec, has hired David Rupay to lead the company’s Canadian hydropower and dam operations.

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Presidential Permit paves way for Minnesota Power’s Great Northern Transmission Line

Presidential Permit paves way for Minnesota Power’s Great Northern Transmission Line

🕔Dec 12, 2016

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.

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GE announces the appointment of six company officers

GE announces the appointment of six company officers

🕔Dec 7, 2016

General Electric (GE) has announced the appointment of six new company officers.

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Suncor Energy appoints Michael Creel

Suncor Energy appoints Michael Creel

🕔Dec 7, 2016

Suncor has appointed Michael Creel to the firms's board of directors. Mr. Creel's appointment will be effective on 1 January 2017.

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