Renewable Energy Renewable Energy

Alliance de l’énergie de l’Est and Invenergy in its closing of $1.1 billion in financing for the Pohénégamook-Picard-Saint-Antonin-Wolastokuk 1 (PPAW 1) Wind Energy Centre

On June 3, 2025, Alliance de l’énergie de l’Est and Invenergy announced the closing of $1.1 billion in financing for the Pohénégamook-Picard-Saint-Antonin-Wolastokuk 1 (PPAW 1) Wind Energy Centre. PPAW 1 will be developed as an equal partnership between Invenergy and the Alliance de...

Lead Office: Montreal Date Announced: June 3, 2025 Value: $1.1 billion

The management group of rollover shareholders of Innergex in connection with its $10-billion acquisition by CDPQ

On February 25, 2025, Innergex announced it entered into a definitive agreement to be acquired by CDPQ for a total deal value of $10 billion. Innergex is a renewable energy power producer that develops, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage...

Lead Office: Montreal Date Closed: July 21, 2025 Value: $10 billion

Highland Electric Fleets in connection with its $50 million credit facility with the Canada Infrastructure Bank.

On May 8, 2024, Canada Infrastructure Bank (CIB) announced that it has reached a financial close on a loan facility with Highland Electric Fleets (Canada) ULC worth up to $50 million to help finance the supply of Zero Emission Buses to school boards across Canada. Highland Electric Fleets intends...

Lead Office: Toronto Date Announced: May 8, 2024 Value: $50 million

Independent Electricity System Operator in respect of the Oneida Battery Storage facility

On February 10, 2023, the Independent Electricity System Operator announced entering into an Energy Storage Facility Agreement for the Oneida Energy Storage Project. The Oneida Energy Storage project is a 250 MW/1000 MWh energy storage facility located in Southwestern Ontario. This is...

Lead Office: Toronto Date Closed: -- Value: -

BluEarth Renewables in its non-recourse debt financing

On April 27, 2022, BluEarth Renewables Inc. closed approximately CAD$170 million in non-recourse debt financing for the Hand Hills Wind Project in Alberta, Canada. The Project will comprise 29 wind turbines generating 145-MW, providing clean, renewable energy for approximately 68,000 homes annually...

Lead Office: Toronto Date Closed: April 27, 2022 Value: $170 million

The Bank of Nova Scotia in its 15-year renewable energy PPA

On February 9, 2022,The Bank of Nova Scotia announced it had signed a 15-year renewable energy Power Purchase Agreement (PPA) for solar energy in Alberta from a new, to-be-constructed 40 MW project, northeast of Cardston, Alberta with Evolugen, a leader in the renewable energy industry....

Lead Office: Toronto Date Closed: February 9, 2022 Value: -

Goldman Sachs Asset Management in its US$250 million investment in Hydrostor

On January 10, 2022, Hydrostor Inc. , a long-duration energy storage solutions provider, announced a preferred equity financing commitment of US$250 million from the Private Equity and Sustainable Investing businesses of Goldman Sachs Asset Management. Goldman Sachs has agreed to fund its...

Lead Office: Toronto Date Closed: -- Value: US$250 million

Pattern in its $1.2 billion refinancing of the 300 MW Henvey Inlet wind generation facility

On September 8, 2021, Pattern Energy Group LP, together with its partner Nigig Power Corporation, completed its refinancing of the 300 MW Henvey Inlet wind generation facility located in Ontario. The refinancing of $1.2 billion in non-recourse debt includes an 18-year senior secured credit...

Lead Office: Toronto Date Closed: September 8, 2021 Value: $1.2 billion

Longbow Capital and BDC in Clir Renewables’ $27 million Series E financing

On June 1, 2021, Clir Renewables, a cloud-based AI platform in the renewable energy industry, completed its $27 million Series E financing round, co-led by Longbow Capital and ArcTern. The capital raised in the financing round will further develop ‘smart’ products utilizing...

Lead Office: Calgary Date Closed: June 17, 2021 Value: $27 million

OPTrust in USS’ 50% stake in Bruc Energy

On May 17, 2021, the Universities Superannuation Scheme (USS), the largest private pension scheme in the UK, acquired a 50% stake in Bruc Energy. The $281 million investment will grant USS a stake in a 4GW pipeline of solar photovoltaic farms. The partnership will help Bruc Energy become...

Lead Office: Toronto Date Closed: May 17, 2021 Value: -