SP Armow Wind Ontario LP

SP Armow Wind Ontario LP in its $700 million financing

Client

SP Armow Wind Ontario LP

Value

$700 million

Service

Financial Services

Date Closed

September 2020

Industry

Energy (Electrical Power)

Lead Office

Toronto

 

On September 21, 2020, SP Armow Wind Ontario LP completed its $700 million financing in non-recourse debt to finance working capital requirements for the Armow wind farm in Canada.

SP Armow Wind Ontario LP is a 50/50 joint venture comprising of Pattern Energy Group and Samsung Renewable Energy Inc. The joint venture developed the 180 MW Armow wind project located in Kincardine, Ontario, Canada. The Armow wind farm, which began operations in 2015, is comprised of 91 2.3 MW Siemens Energy wind turbines.

Osler, Hoskin & Harcourt LLP advised SP Armow Wind Ontario LP with a team consisting of Danna Donald (Commercial), Marissa Kirsh, Ethan McCarthy (Construction), Adrian Hartog, Jordan Adler (Real Estate) and Elizabeth Mpermperacis (Financial Services/Derivatives).