Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $19.9 million, 18-year fixed rate debt financing for a portfolio of various completed and operating solar projects across Ontario. The portfolio has a total capacity of 5.3 MW, comprised of 2 ground-mount and 3 rooftop solar projects. The energy generated by the projects is sold to the Independent Electric System Operator under Ontario Feed-In Tariff Contracts.
Stonebridge acted as Financial Arranger to Potentia Solar 14 LP, and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P and a Canadian insurance company.
Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in financial advisory and 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 $3.5 billion of project debt financing since its inception. Stonebridge Infrastructure Debt Fund II L.P. is an open-ended fund, Managed by Stonebridge Financial Corporation, focused on long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace.