|Date Closed:||February 23, 2018|
|Deal Value:||$235 million|
SkyPower Operations, Limited, a portfolio company of CIM Group Investments, completed five concurrent refinancings totalling approximately $235 million by Nomura Securities International, Inc. of its seven renewable energy standard offer program (RESOP) projects located in various locations in Ontario. SkyPower co-owns one of the projects with SunEdison Canada LLC, two with BlackRock Global Energy & Power Infrastructure Fund and one with Firelight Infrastructure Partners. This is a significant refinancing in the renewable energy sector in Ontario involving some of the oldest solar parks in the province.
Bennett Jones LLP represented SunEdison with a team that included Denise Bright (banking & finance), Jesslyn Maurier (corporate/energy) and Nicolas Francis (corporate).