Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of an $11.0 million, 20 year fixed rate debt financing for the construction and operation of a portfolio of 58 rooftop solar projects to be built on various Toronto District School Board schools. Once fully commissioned, the portfolio will have a total capacity of 8.3 MW. The energy generated by the projects is sold to the Independent Electric System Operator under Ontario Feed-In Tariff Contracts.
Stonebridge acted as Financial Advisor and Arranger to Potentia Solar 9 LP, and financing for the Project 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 $3.5 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.