Greengate Power Corporation

Greengate Power Corporation in its agreement with Copenhagen Infrastructure Partners to develop Travers Solar – Canada’s largest operating solar energy project

Client

Greengate Power Corporation

Value

$500 million

Service

Project Finance

Date Closed

January 2020

Industry

Energy (Renewable)

Lead Office

Calgary


 

On February 4, 2020, Greengate Power Corporation and Copenhagen Infrastructure Partners announced they have entered into an agreement with the intention to fund the further development and construction of the Travers Solar project. Located in Vulcan County, Alberta, Travers Solar is expected to be Canada’s largest operating solar energy project, with an estimated capital cost of approximately C$500 million. Travers Solar is anticipated to provide a renewable source of electricity for more than 100,000 Alberta homes during its operation. Construction is anticipated to begin in mid-2020 with full commercial operations targeted for the end of 2021.

Greengate Power Corporation is a privately held renewable energy company based in Calgary, Alberta. Since 2007, Greengate has developed approximately 1,000 MW of operating or near-construction renewable energy projects in Canada, including the country’s largest energy projects.

Copenhagen Infrastructures Partners is a fund management company with five energy infrastructure funds and nearly EUR 8 billion under management.

Osler, Hoskin & Harcourt LLP advised Greengate Power Corporation with a team lead by Lorne Carson (Corporate) and consisting of Dana Saric (Financial Services), Colena Der (Tax), Bryce Kustra (Real Estate) and Allan Morgan (Corporate). 


Team
Lorne  Carson
Key Contact

Lorne Carson

Partner, Corporate

Dana Saric

Dana Saric

Partner, Banking and Financial Services

Colena Der

Colena Der

Partner, Taxation

Bryce Kustra

Bryce Kustra

Associate, Real Estate

Allan Morgan

Allan Morgan

Associate, Corporate