The Projects were developed by juwi Wind Canada and sold its minority or majority control in each Project to Firelight Infrastructure Partners prior to construction. The projects consist of the following:
The Projects will sell 100% of their output to Nova Scotia Power Inc., a wholly-owned subsidiary of Emera Inc., under 20-year power purchase agreements.
lan Caplan, Director of Finance at juwi, stated:
juwi is proud to see many years of our development efforts culminate in this key milestone. Travelers was integral in completing this complex transaction and bringing Industrial Alliance to the opportunity. We are all especially fortunate to work with excellent community partners/owners as well as Firelight Infrastructure Partners and their keen industry insight and capital.
Travelers Capital Corporation is a specialized financial services company that offers structured debt and project finance solutions along with financial advisory services to developers in the renewable energy sector with a focus on middle market transactions up to $100 million or more in size.
juwi Group was founded in 1996 by two entrepreneurs in Wörrstadt, Germany. The privately held juwi Group has more than 18 years of experience developing, financing, building and operating renewable energy projects. Since 1996, the juwi Group has overseen the installation of over 150 wind projects, totaling more than 1,450 MW of operating capacity, and over 1,500 solar photovoltaic installations, totaling more than 1,200 MW of operating capacity.
Firelight Infrastructure Partners is a Canadian partnership that invests in North American renewable energy projects including wind, hydro and solar. Firelight partners with experienced developers to provide the capital necessary to develop, construct and operate high quality renewable energy projects. It has an operational portfolio of 150 MW and an additional 130 MW in development and/or under construction.