Canadian Power Holdings Inc., a wholly owned subsidiary of CK Group, acquired two wind power facilities with a combined capacity of 30 MW located in the Okanagan region of B.C. from Instar Asset Management. This included the assumption of the project debt financing. The acquisition marked CK Group’s first renewable energy project in Canada. This was closed on June 1, 2021. The value of the transaction was confidential.
CKI Infrastructure Holdings Limited’s legal team included
Stikeman Elliott LLP advised Canadian Power Holdings Inc. in the acquisition with a team including
Sebastian Maturana (energy);
Colin Burn (corporate);
Andrew Foster (banking and finance);
Alan Stachowiak (real estate/Indigenous);
Dennis Langen (regulatory);
Julie D’Avignon (tax);
Gary Clarke (employment);
Melissa Morton (competition and foreign investment).
McCarthy Tétrault LLP acted for Instar Asset Management with a team led by
and which included
Thomas Fung (energy);
Kevin Wright (banking and finance);
Kate McNeece (competition and Investment Canada Act matters);
Selina Lee-Andersen (Aboriginal matters);
Kim Brown (tax);
Jonathan Cheng (real property matters).
See the news release here.