Capstone Infrastructure Corporation Announces Claresholm Solar Project Funding
- Capstone Infrastructure Corporation has actually introduced a Claresholm Solar Project financing upgrade.
On July 9, 2020, Claresholm signed a debt contract with ATB Financial, Fiera Infrastructure Private Debt Fund LP and also Telus Pensions Liability Hedging Master Trust to give up to $115 countless construction to term funding for the 132 MWac Claresholm Solar Project, located in the Municipal District of Willow Creek, Alberta. Along with our companion, Denmark-based Obton A/S ("Obton"), we are excited to introduce that all the funding problems have been fulfilled and also construction is in full swing.
"We considerably value the initiatives and assistance of our lenders at ATB, Fiera and Telus, who likewise share our strong belief in the project as well as the district of Alberta. The funding represents a major turning point in providing this groundbreaking project, which, when full, will be Canada's largest solar facility." Andrew Kennedy, Chief Financial Officer, Capstone.
"We are additionally extremely delighted to have currently secured this important funding of the Alberta solar farm Claresholm, as well as we appreciate the Lenders continuous support, as we can combine the environment problems and also sunny days with cutting edge solar technology. Obton is ready to invest much more in comparable Canadian projects over the next years." Mikkel Berthelsen, Chief Legal Officer, Obton.
"We are thrilled to partner with Capstone, Obton, ATB and also Telus to provide financing for Claresholm Solar, aiding lead Alberta's transition to clean power generation as well as supporting one of the most substantial renewable resource projects in Canada." Andrew Shannon, Managing Director, Fiera Private Debt.
Capstone's goal is to power society, secure the environment, contribute to neighborhoods, and produce value for its investors. Capstone has and runs, approximately web 541 MW of installed ability across 24 centers in Canada, including wind, hydro, solar, biomass, as well as gas nuclear power plant. Please go to www.capstoneinfrastructure.com for more details.
