Energy (Renewable) and Environmental Financing


Osler’s sustainable development, climate change and environmental practitioners work in tandem with our widely recognized and highly respected Energy Group on every aspect of renewable energy development and environmental finance. We advise on all aspects of domestic and international renewable energy projects and conservation initiatives, as well as emissions trading and renewable energy credit trading matters.

Clients choose Osler for these initiatives because of our unique ability to provide seamless coverage on the full range of issues facing their projects including:

  • Project structuring;
  • Tax planning & optimization;
  • Power purchase and other renewable energy project agreements;
  • Co-generation issues including thermal off-take arrangements with host facilities;
  • Project licensing and permitting; real property and municipal planning approvals;
  • Regulatory compliance;
  • Balance of plant agreements;
  • Project finance for innovative sustainable energy projects;
  • Public and private debt and equity financing;
  • Emissions reduction purchase agreements;
  • Transmission and distribution issues;
  • Renewable energy credit purchase agreements;
  • Aboriginal rights, consultation and partnering arrangements;
  • Climate change and environmental impact.

Renewable Energy and Environmental Finance

We advise various levels of government, developers, contractors, generators, transmission and distribution companies, municipal and provincial electric utilities, lenders and underwriters, public and private investors, and energy marketing and trading companies on renewable energy projects and environmental finance.

Public Procurement of Renewable Energy Projects

We advise on the design and implementation of competitive procurements for renewable energy and conservation and demand management projects, as well as the design, stakeholdering and implementation of standard offer programs such as the Ontario Power Authority’s Feed-in Tariff Program implemented in connection with the Government of Ontario’s Green Energy and Green Economy Act, 2009.

Renewable Energy Project Agreements

We advise on the design and negotiation of physical and financial settled power purchase agreements, contracts for differences and trading and retail marketing arrangements. We are experienced in negotiating various equipment supply agreements (including those for turbine generators, transformers and interconnection equipment), interconnection agreements with transmission and distribution companies, transportation agreements, engineering, procurement and construction contracts, and balance of plant agreements.

Project Finance and Risk Assessment

We advise on all aspects of debt and equity financing of renewable energy projects, including due diligence services.

Environmental Attributes and Emissions Trading

We advise on regulatory compliance and commercial transactions relating to renewable energy credits (or certificates) and emissions trading markets, and the negotiation and financing of ownership rights for all forms of “related products” or “environmental attributes” from renewable energy and demand management projects. We frequently advise on public company disclosure relating to emissions regulation and other environmental compliance risks.

Related Expertise
  • Enbridge Income Fund

    Enbridge Income Fund on the acquisition of three wind power projects (71 MW) in Western Canada: SunBridge, Magrath and Chin Chute.

  • Greengate Power Corporation

    Greengate Power Corporation on all aspects of the development of the 300 MW Blackspring Ridge Wind Project and the sale of the Blackspring Ridge Project to Enbridge Inc. and EDF EN Canada Inc.

  • Stonepeak Infrastructure Partners 

    Stonepeak Infrastructure Partners on the acquisition of the 10 MW Stone Mills Solar Park, in Napanee Ontario from Canadian Solar Solutions Inc. and the long term debt financing in respect of such project by The Manufacturers Life Insurance Company. 

  • SunEdison

    SunEdison on its utility-scale, ground-based Ontario solar PV facilities, including project financing, M&A, EPC Contracting and PPA management - recently completing simultaneous EPC arrangements, project financing and sale of project entities for the Sandhurst, Rutley and Norfolk 10 MW projects to Firelight Infrastructure Partners L.P.

  • Pattern Energy Group LP and Samsung Renewable Energy

    Pattern Energy Group LP and Samsung Renewable Energy in connection with their joint venture wind developments including land acquisition, turbine supply agreements, interconnection agreements and project finance matters, and for Pattern Energy on the development of the 138 MW St. Joseph Wind Farm in southern Manitoba, including power purchase agreement and interconnection agreement with Manitoba Hydro, negotiation of the EPC Contract with Mortenson and the Turbine Supply Agreement with Siemens.

  • Northland Power

    Northland Power in connection with construction and development matters on its 60 MW McLean’s Mountain Wind Farm in Ontario developed under the OPA’s Feed-In Tariff Program and on construction and equipment supply matters on its portfolio of ground-based Ontario solar PV facilities.

  • Firelight Infrastructure Partners L.P. 

    Firelight Infrastructure Partners L.P. on the equity financing for the 34 MW Amherst wind farm in Nova Scotia being developed in partnership with Sprott Power, on the equity financing for the 24 MW Ostrander Point wind farm in Ontario being developed in partnership with Gilead Power, on all development and operational aspects of the 51 MW Dalhousie Mountain wind farm project in Dalhousie, Nova Scotia and on all aspects of the acquisition and development by its affiliate, Firelight Solar L.P.

  • Nautilus Solar Canada Limited Partnership

    Nautilus Solar Canada Limited Partnership on the development of its portfolio of 250 kW and 500 kW rooftop solar PV facilities under the OPA’s Feed-In Tariff Program, including real estate matters, PPA management and negotiation of EPC contracts with AGT Solar.

  • Landesbank Baden-Wuerttemberg

    Landesbank Baden-Wuerttemberg in respect of project finance matters for the 10 MW Arthur Wind Farm project owned by Schneider Power and other wind farm projects in Ontario.

  • Penn Energy Renewables

    Penn Energy Renewables on its utility-scale, ground-based Ontario solar PV facilities, including project financing, EPC Contracting, corporate structuring and PPA management.