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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.

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