Date Closed

December 29, 2011

Lead Office

Toronto

Value

35.00 Million CAD

On December 29, 2011, MOM Solar Limited Partnership, among others, entered into a credit agreement with Norddeutsche Landesbank Girozentrale, New York Branch (Nord LB), as administrative agent, lead arranger, bookrunner and hedge provider, and the lenders party thereto as lenders, establishing project financing credit facilities for approximately $35 million.

The purpose of the Project Financing is to provide non-recourse financing for the acquisition by the Borrower of up to 24 completed and operating solar photovoltaic installations on commercial rooftops in Ontario, Canada, with an aggregate capacity of approximately 8.08 MW-AC. Each installation will sell electricity under the Ontario Power Authority Feed-In Tariff Program (FIT Program).

The Project Financing constitutes the first solar rooftop facilities project financing completed in Ontario under the FIT Program.

McCarthy Tétrault LLP represented Nord LB, with a team led by David Lever.