Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $21.0 million, long-term, fixed rate debt financing in respect of the construction and operation of two wind generation projects aggregating 7.6 MW of nameplate capacity, located in Amherst and Pictou County, Nova Scotia.
The energy generated will be sold to Nova Scotia Power Inc. under the Nova Scotia Community Feed-In Tariff (“COMFIT”) program.
The Projects are owned indirectly by Natural Forces Wind Inc., Wind4All Communities III Inc., and the Mi’kmaq First Nations.
The initial tranche of the debt financing was funded by Stonebridge Infrastructure Debt Fund II LP.
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.