Osler advised Pattern Renewable Holdings Canada ULC in its refinancing of C$245 million for the St Joseph’s Wind Farm.
The St Joseph Wind Farm started construction in 2010 and became the largest wind energy facility in Manitoba with over 30, 000 acres of privately owned agricultural land. This wind energy plant contains 60 turbines that generates a total rating of 138 megawatts.
Through this agreement, Manitoba Hydro purchased St. Joseph Wind’s electricity generation under a 27-year power purchase agreement, which is equal to meet the demand of approximately 120,000 Canadians each year.
Pattern Renewable Holdings Canada ULC is a leading renewable energy producer that engages in the development, construction, and operation of wind power projects in Canada.
Osler’s team was led by Danna Donald (Commercial) and supported by Marissa Kirsh and Alexander McGillivray (Commercial).
Torys LLP advised the lenders with a team consisting of Scott Kraag, Jonathan Weisz, Milosz Zemanek, Yinka Olusoga, Selam Lyons, Megan Kinsella and Tyson Dyck.