Power and Utilities Power and Utilities

Independent Electricity System Operator in respect of the Oneida Battery Storage facility

On February 10, 2023, the Independent Electricity System Operator announced entering into an Energy Storage Facility Agreement for the Oneida Energy Storage Project. The Oneida Energy Storage project is a 250 MW/1000 MWh energy storage facility located in Southwestern Ontario. This is...

Lead Office: Toronto Date Closed: -- Value: -

Hydro One in its inaugural $1.05 billion offering of Medium Term Notes under New Sustainable Financing Framework

On January 24, 2023, Hydro One Inc., a wholly owned subsidiary of Hydro One Limited (collectively, “Hydro One”) priced an offering of $1.05 billion of Medium Term Notes (the “Notes”), consisting of $300 million aggregate principal amount of 3.93% Medium Term Notes, Series 53, due 2029, $450...

Lead Office: Toronto Date Closed: January 24, 2023 Value: $1.05 billion

Caisse de dépôt et Placement du Québec in its $150 million equity investment

On December 7, 2022, Caisse de dépôt et Placement du Québec (“CDPQ”) announced it had invested an additional $150 million in Pomerleau Inc., one of the country's most important construction companies. CDPQ's additional commitment strengthens the strategic partnership...

Lead Office: Montreal Date Closed: December 7, 2022 Value: $150 million

The Syndicate of Agents in AltaLink’s $275 million notes offering

On November 28, 2022,  AltaLink issued $275 million of 4.692% Senior Secured Notes due 2032 on a private placement basis, with a syndicate led by RBC Dominion Securities Inc., Scotia Capital Inc. and BMO Nesbitt Burns Inc. The proceeds from the offering will be used to repay or refinance...

Lead Office: Toronto Date Closed: November 28, 2022 Value: $275 million

Potentia Renewables in five unique, long term, non-recourse project financings

On April 6, 2022, Potentia Renewables Inc. (Potentia) announced that it has closed five unique, long term, non-recourse project financings for each of its Stirling, Wheatland, Jenner 1, Jenner 2 and Jenner 3 Wind Energy Facilities currently under construction in Alberta. This milestone is another...

Lead Office: Toronto Date Closed: April 6, 2022 Value: -

EnPowered in its $12 million Seed financing

On November 9, 2021, Kitchener-Waterloo-based startup EnPowered announced its $12 million Seed financing, which consisted of an approximately $9 million Inovia Capital-led seed-plus round that closed in September, and an approximately $3 million Seed round co-led by Version One...

Lead Office: Toronto Date Closed: November 9, 2021 Value: $12 million

Emera Incorporated in its $225 million preferred share financing

On September 24, 2021, Emera Incorporated completed its $225 million preferred share financing of Series L preferred shares. The offering was made through a syndicate of underwriters with TD Securities Inc. and CIBC Capital Markets acting as joint bookrunners, and included RBC Capital...

Lead Office: Toronto Date Closed: September 24, 2021 Value: $225 million

Hydro One Inc. in its $900 million offering of Medium Term Notes

On September 17, 2021, Hydro One Inc. completed its offering of $900 million Medium Term Notes consisting of $450 million of 2.23% Medium Term Notes and $450 million of 3.10% Medium Term Notes. The offering was made through a syndicate of agents with National Bank Financial Inc., Scotia Capital...

Lead Office: Toronto Date Closed: September 17, 2021 Value: $900 million

Wheatland Wind Project in its approval for construction

On September 16, 2021, Wheatland Wind Project announced it has gained approval to move forward with its construction of 24 wind turbines, as well as an accompanying substation and associated utility infrastructure. The Wheatland Wind Project (WWP) is a 122.4-megawatt (MW) wind power plant located...

Lead Office: Toronto Date Closed: -- Value: -

Pattern in its $1.2 billion refinancing of the 300 MW Henvey Inlet wind generation facility

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...

Lead Office: Toronto Date Closed: September 8, 2021 Value: $1.2 billion