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Desjardins completes C$350M in financing for Alliance de l'Énergie de l'Est to build wind farms

Date Closed

May 2, 2023

Lead Office

Québec City


350.00 Million CAD

On May 2, 2023, Desjardins completed C$350 million in financing to Alliance de l'Énergie de l'Est in its efforts to build and operate wind farms in Quebec.

Alliance de l'Énergie de l'Est is a coalition of 209 municipal and Indigenous governments representing 16 regional county municipalities in eastern Quebec and the Magdalen Islands. It's a singular initiative that's helping Québec communities invest in wind farming via requests for proposals from Hydro-Québec.

Fédération des caisses Desjardins du Québec (FCDQ), headquartered in Montreal, Quebec, is a component of the Desjardins Group, the largest federation of credit unions in North America.

McCarthy Tétrault advised FCDQ with a team led by Jacob Stone that included Etienne Guertin, Elena Drouin (Business), Nicolas Cloutier (Tax), and Jean-Jerry Anty (Financial Services).