Stonebridge completes acquisition financing to Potentia Renewables Inc. for the purchase of solar and wind projects.
June 10, 2020
On June 10, 2020, Stonebridge Financial Corporation completed an acquisition financing to Potentia Renewables Inc. in respect of the purchase of an indirect interest in a 67 MW portfolio of operating renewable energy projects consisting of 3 Ontario ground-mount solar projects totaling 43 MWdc and 4 Nova Scotia operating wind farms totaling 24 MW.
Stonebridge Financial Corporation is a boutique Canadian financial services company, with offices in Toronto and Montreal, involved in structuring financings for syndication in the institutional market.
Potentia Renewables Inc. develops, owns and operates renewable energy assets. It is the largest rooftop solar company in Canada, operating over 700 installations with a total capacity of approximately 200 MW.
McCarthy Tétrault LLP advised Stonebridge Financial Corporation, as administrative agent and lender, with a team led by Mathieu Dubord that included François Dupuis, Étienne Guertin, Sunny Yang and Christopher Zawadzki.