Sequoia Energy secures C$16 million in financing from Good Energies
Date Closed
October 19, 2007
Lead Office
Toronto
Value
16.00 Million CAD
On October 31, 2007, Sequoia Energy Inc., a Canadian renewable energy company focused on utility-grade wind energy projects and a pioneer in a "community first" approach, announced today it has closed a C$16 million financing investment from Good Energies, a leading investor in the renewable energy industry.
With this investment, Sequoia will advance its current projects in Manitoba and Saskatchewan (Canada) and in North Dakota (USA) and expand to become a leading developer in the region.
Good Energies, headquartered in New York, New York, is a private equity fund investing in the Energy Industry.
Sequoia Energy, headquartered in Victoria, British Columbia, is a Canadian developer of renewable energy projects in central and western Canada.
McCarthy Tétrault LLP represented Good Energies, the investor, with a team that included Sean O'Neill, Leslie Milroy, and Suzanne Murphy.