Stirling, Wheatland, Jenner 1, Jenner 2, Jenner 3, Paintearth wind project financings

Osler advised Potentia Renewables Inc. (Potentia) in its closing of five unique, long term, non-recourse project financings for each of its Stirling, Wheatland, Jenner 1, Jenner 2 and Jenner 3 wind energy facilities that are currently under construction in Alberta. This milestone is another critical step in Potentia’s $1.5 billion capital deployment for almost one Gigawatt of new renewable energy currently being built in Western Canada. The Stirling and Wheatland wind farms will have a total installed capacity of 243MW from 47 wind turbines.

In addition, Osler is advising Paintearth Wind Project LP, a subsidiary of Potentia, on the financing of the Paintearth Wind Project in Alberta, which will comprise 38 turbines generating 198MW.

Potentia Renewables Inc., a wholly owned subsidiary of Power Sustainable Capital, is a fully integrated developer, owner, and operator of renewable energy assets.

Osler’s team was led by Simon Baines (Corporate) and Danna Donald (Commercial) and supported by Marissa Kirsh, Claire Phillips (Commercial), Mik Arendas (Financial Services), Bryce Kustra (Real Estate).