Date Closed

February 7, 2020

Lead Office

Montréal

Value

268.00 Million CAD

On February 10, 2020, Potentia Renewables Inc. announced the closing of its C$268 million financing of the Golden South Wind energy facility.

The Golden South Wind energy facility is approximately 210 megawatt nameplate capacity wind generation project comprised of 50 wind turbines, turbine towers pad mounted transformers meteorological towers and related facilities, situated in the municipality of Assiniboia in the Province of Saskatchewan. The credit facilities are comprised of a fixed rate term facility, a floating rate facility and a letter of credit facility, with terms closely matching the project’s 25 year power purchase agreement. The financing was undertaken by a syndicate of lenders led by National Bank Financial Inc., as administrative agent sole bookrunner and lead arranger, and National Bank of Canada, as issuing bank.

Potentia Renewables Inc. is a fully integrated developer, owner, and operator of renewable energy assets. Potentia is the largest rooftop solar company in Canada and currently operates more than 700 installations in the United States,  Latin America and Canada.

McCarthy Tétrault LLP advised National Bank of Canada with a team led by Mathieu Dubord that included, Trevor Morawski, Genevieve Loxley, Anastassia Chtaneva, Etienne Guertin, William Lee, Isabelle Pepin-Lapointe (Financial Services), Kimberly Howard (Environmental), and Elizabeth Rafferty (Real Estate).