Chi-Wiikwedong LP

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $76.4 million, long-debt financing for the construction and operation of the 25 MW Goulais wind farm located in Algoma District, Ontario.

Sponsored by Capstone Infrastructure Corporation, and in partnership with Batchewana First Nation, the project will utilize 11 Siemens 2.3MW turbines to generate energy sold to the Ontario Power Authority under a 20 year Feed-in-Tariff Contract.

The financing arranged by Stonebridge was funded by Siemens Financial Ltd and Industrial Alliance Insurance and Financial Services Inc.

Cam Di Giorgio, Vice President, Project Finance at Stonebridge commented, “We value highly our long-term relationship with Capstone, and are very appreciative of their trust in us to bring these project financings to a successful close. We have no doubt that the project will be a great success  and will benefit the Batchewana First Nation for many years to come.”

Michael Smerdon, Chief Financial Officer at Capstone, said, “The Goulais Wind Farm is a unique and exciting project for Capstone and the Batchewana First Nation, and securing financing marks a key step toward completing this facility.  Stonebridge has again proven to be an important partner in securing long-term competitively priced financing for a complex project on an aggressive timeline.”

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.