Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $25 million, 17-year fixed rate debt financing for the acquisition of 3 entities with an economic interest in a portfolio of operating wind and solar renewable energy assets located in Ontario and Nova Scotia. The portfolio comprises of 10 ground-mount solar sites, 10 rooftop solar sites and a utility-scale wind farm. The power output is 100% contracted with the Independent Electric System Operator under the Ontario Feed-In Tariff Contracts and to Nova Scotia Power Inc. under the Nova Scotia Community Feed-In Tariff Contracts.
Stonebridge acted as Financial Arranger to Potentia Renewables 15 LP, and financing was provided by Stonebridge Infrastructure Debt Fund II L.P.
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 $3.95 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.