On April 3, 2018, Greengate Power Corporation announced that it has secured a multi-year, $100 million equity commitment from Fengate Real Asset Investments to jointly pursue the development and acquisition of projects in Alberta, Canada, with the potential to expand across North America.
The investment enables Greengate to fund the development and eventual build-out of its approximately 1,000 megawatt portfolio of late-stage wind and solar development projects in Alberta. In addition, the funding commitment from Fengate will facilitate Greengate’s continued growth as an industry-leading producer of renewable and clean energy projects in North America.
The Alberta Electric System Operator (AESO) recently announced Round 2 and Round 3 of the Renewable Electricity Support Agreement (RESA).
Greengate is an industry leading privately held renewable and clean energy company based in Calgary, Alberta.
Fengate is a leading investment firm specializing in real assets, with a focus on infrastructure, private equity and real estate.
Osler, Hoskin & Harcourt LLP represented Greengate with a team consisting of Neal Ross, Lorne Carson, Dana Saric, Kelsey Armstrong and Miju Damodar (Corporate).