Project Finance

Henvey Inlet Wind LP in the $1 billion financing and construction of the Henvey Inlet Wind Farm

Henvey Inlet Wind LP
Expertise
Project Finance
Key Contact
Danna Donald

Partner, Project Finance, Toronto

Team
John Groenewegen

Partner, Corporate, Toronto

Richard Wong

Partner, Commercial, Toronto

Ethan McCarthy

Associate, Construction, Toronto

Richard J. King

Partner, Regulatory, Indigenous and Environmental, Toronto

Marissa Kirsh

Partner, Project Finance, Toronto

 

On December 26, 2017, Henvey Inlet Wind LP announced the completion of a $1 billion financing for the 300 megawatt (MW) Henvey Inlet Wind project located on Henvey Inlet First Nation Reserve No. 2 on the northeast shore of the Georgian Bay in Ontario. This project is the largest wind project in Ontario and the first on-reserve wind power project. Henvey Inlet Wind will utilize 87 Vestas 3.45 MW turbines with a 136-meter rotor diameter and 132-meter hub height. The project has a 20-year Power Purchase Agreement with the Independent Electricity System Operator (IESO) for 100% of its production.

Henvey Inlet Wind is a 50%-50% joint venture between Pattern Energy Group LP and Nigig Power Corporation, a wholly-owned subsidiary of Henvey Inlet First Nation.

Osler, Hoskin and Harcourt LLP represented Henvey Inlet Wind LP with a team consisting of Danna Donald, Richard Wong, Ethan McCarthy, Marissa Kirsh, and Vince Mazza (Commercial), Richard King (Aboriginal), Adrian Hartog, Suzanne Herceg, Brenda Varallo, and Wendy Kao (Real Property), and John Groenewegen and Tara Law (Corporate).

Value
$1 billion
Date Closed
December 26, 2017
Lead Office
Toronto
Key Contact
Danna Donald

Partner, Project Finance, Toronto

Team
John Groenewegen

Partner, Corporate, Toronto

Richard Wong

Partner, Commercial, Toronto

Ethan McCarthy

Associate, Construction, Toronto

Richard J. King

Partner, Regulatory, Indigenous and Environmental, Toronto

Marissa Kirsh

Partner, Project Finance, Toronto