On September 8, 2021, Pattern Energy Group LP, together with its partner Nigig Power Corporation, completed its refinancing of the 300 MW Henvey Inlet wind generation facility located in Ontario. The refinancing of $1.2 billion in non-recourse debt includes an 18-year senior secured credit facility and letters of credit. The power generated by the facility is sold to the Independent Electricity System Operator under a 20-year power purchase agreement and operates entirely on the Henvey Inlet First Nation Reserve Lands.
Pattern Energy Group LP is a private renewable energy company specializing in developing, owning and operating utility-scale wind and solar power facilities in the United States, Canada and Japan.
Nigig Power Corporation is a private corporation wholly owned by the Henvey Inlet First Nation.
Osler, Hoskin & Harcourt LLP advised Pattern Energy Group LP with a team consisting of Danna Donald (Commercial), Marissa Kirsh, Ethan McCarthy, Jagriti Singh, Alexander McGillivray (Construction), Adrian Hartog, Iris Tam, Suzanne Herceg, Samantha Powell (Real Estate), Elizabeth Mpermperacis (Financial Services).