EastWest Bank completes US$36.7M project financing of GreenLeaf Power’s St-Félicien cogeneration facility

On May 12, 2021, EastWest Bank completed its US$36.7 million project financing of GreenLeaf Power’s St-Félicien cogeneration facility in Québec that converts wood biomass waste into electricity that is sold under long-term power purchase agreements to Hydro-Quebec.

This is one of the largest biomass power project financings in North American history.

McCarthy Tétrault advised as Canadian Counsel with a team led by Louis-Nicolas Boulanger that included François Dupuis and Alex Reid.