Prince Wind Project term financing completed
Date Closed
November 30, 2007
Lead Office
Toronto
Value
300.00 Million CAD
On November 30, 2007, Brookfield Power Wind Prince Financial Corporation and its owner Brookfield Power Inc. completed a $300 million refinancing of the construction loans for the Prince wind project. The project is directly owned by Brookfield Power Wind Prince LP (which is a full recourse guarantor of the debt) and consists of two phases: a 90 MW wind farm, consisting of 60 wind turbines and a 99 MW wind farm, consisting of 66 turbines, all located near Sault Ste. Marie Ontario. Now completed, the project is the largest wind farm in Canada.
McCarthy Tétrault LLP advised the lenders with a team led by David Lever.