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Energy Finance & Investment News in Canada

Powin Energy Closes Project Financing from Brookfield Renewable for its Stratford Energy Storage System

Powin Energy Closes Project Financing from Brookfield Renewable for its Stratford Energy Storage System

🕔Oct 31, 2017

Powin Energy Corporation has secured construction to term project financing from renewable power company Brookfield Renewable Partners for its 8.8 MW/40.8 MWh Stratford Energy Storage Project in Stratford, Ontario, Canada

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IPPToday #87: IFC sells Pacific Midstream stakes back to Frontera

IPPToday #87: IFC sells Pacific Midstream stakes back to Frontera

🕔Oct 27, 2017

Frontera Energy Corporation has signed an agreement to acquire the outstanding 36.36% ownership of Pacific Midstream Limited from the International Finance Corporation (IFC).

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Shenzhen Firm to acquire three U.S. solar farms

Shenzhen Firm to acquire three U.S. solar farms

🕔Oct 26, 2017

Shenzhen Energy will buy three California solar power plants for approximately US$232 million from Canadian Solar, as a way to diversify their business with power plant construction.

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IPPToday #72: Alberta transmission project closes $1.4 billion financing

IPPToday #72: Alberta transmission project closes $1.4 billion financing

🕔Oct 5, 2017

ATCO has announced that Alberta PowerLine, a partnership owned 80 per cent by Canadian Utilities Limited, an ATCO company, and 20 per cent by Quanta Services, Inc., has closed the issuance of an aggregate of US$1,384,678,000 of bonds with maturities ranging from June 2032 to March 2054.

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IPPToday #57: DONG Energy Signs LoI for big offshore wind project in British Columbia, Canada

IPPToday #57: DONG Energy Signs LoI for big offshore wind project in British Columbia, Canada

🕔Sep 14, 2017

DONG Energy and NaiKun Wind Energy Group have signed a Letter of Intent (LOI) which gives DONG Energy the exclusive rights to negotiate a joint development agreement for the Haida Energy Field Offshore Wind Project in British Columbia and explore the potential for establishing a long-term partnership with Naikun Wind Energy Group

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BC Hydro acquires additional interest in 480 MW Waneta Dam

BC Hydro acquires additional interest in 480 MW Waneta Dam

🕔Aug 10, 2017

BC Hydro has announced it plans to purchase the remaining two-third ownership interest in the Waneta Dam and Generating Station in Trail, B.C. from Teck Resources Limited (Teck) for CAD1.2 billion (US$945 million). The purchase is forecast to have a beneficial financial impact each year, helping to keep rates affordable for BC Hydro’s customers.

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La Caisse acquires a 17.3% interest in Boralex

La Caisse acquires a 17.3% interest in Boralex

🕔Aug 4, 2017

Boralex has announced that Caisse de dépôt et placement du Québec has acquired all of the Class A common shares of Boralex held by Cascades representing 17.3% of the outstanding shares for the amount of CAD287.5 million (US$228.4 million).

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SaskPower's 200 MW wind project moves to RFP phase

SaskPower's 200 MW wind project moves to RFP phase

🕔Jul 19, 2017

The competitive process for the SaskPower's next 200 MW of utility-scale wind capacity is moving forward, with the Request for Proposal (RFP) phase of the competition.

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Fengate reaches financial close on acquisition of 40 MW operating wind asset in Ontario

Fengate reaches financial close on acquisition of 40 MW operating wind asset in Ontario

🕔Jul 10, 2017

Fengate Real Asset Investments has announced that the firm has reached financial close on its acquisition of a 75% limited partner interest and 50% general partner interest in a 40 MW operating wind farm in Southern Ontario.

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InstarAGF closes first fund at target size

InstarAGF closes first fund at target size

🕔Jun 28, 2017

InstarAGF Asset Management and AGF Management have announced the final closing of the InstarAGF Essential Infrastructure Fund with US$740 million in aggregate equity commitments from institutional and high net worth investors from Canada, Europe, the United Kingdom and United States.

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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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