Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $16.8 million, long-term, fixed rate debt financing for the construction and operation of a 7.05 MW wind generation project located in Halifax, Nova Scotia. Energy generated by the project will be sold to Nova Scotia Power Inc. under the Nova Scotia Community Feed-In Tariff (“COMFIT”) program.
The Project is owned by Renewable Energy Services Ltd. (“RESL”) and Chebucto Terence Bay Wind Field Limited, a Nova Scotia Community Economic Development Corporation (“CEDC”).
Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in arranging and structuring debt financings for syndication in the Canadian institutional marketplace, with a focus in the energy, infrastructure, and health care sectors. Stonebridge has arranged and syndicated over $3.0 billion of project debt financing.