Kineticor Resource Corp. in the development and financing of the $1.5 billion Cascade Power Project

On August 27, 2020, Kineticor Resource Corp., together with joint development sponsors Macquarie Capital and OPTrust and project sponsors OPTrust, Axium Infrastructure and DIF Capital Partners, successfully closed financing on the $1.5 billion Cascade Power Project.

Cascade is a 900 megawatt combined cycle natural gas fired generating facility located near Edson, Alberta. Cascade will lead the transition to a lower carbon intensive power grid in Alberta by transitioning off coal fired power and creating low emissions electricity that is expected to supply over 8% of Alberta’s average demand. Cascade is anticipated to result in one of the largest emission reductions in Canada’s electricity sector.

Osler, Hoskin & Harcourt LLP advised Kineticor Resource Corp., an Alberta based developer and manager of clean power projects across Canada specializing in projects with an environmental and economic advantage, with a team led by Lorne Carson and consisting of Allan Morgan (Corporate), Elliot Smith (Commercial), Martin Ignasiak (Regulatory, Environmental, Aboriginal & Land), and Dana Saric (Financial Services).