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RMSenergy completes $89 million financing of Nova Scotia wind farm project

Date Closed

February 10, 2009

Lead Office

Toronto

Value

89.00 Million CAD

On February 10, 2009, RMSenergy Dalhousie Mountain LP closed a C$89 million secured credit facility for the financing of a 51 megawatt nameplate capacity wind generation project comprised of 34-1.5 megawatt wind turbines located near New Glasgow, Nova Scotia. The project is currently under construction. The project’s credit facility was arranged by The Manufacturers Life Insurance Company, acting as agent and lender.

Once completed, the Dalhousie Mountain Wind Farm will have 34 turbines and generate enough power to provide approximately 20,000 residences with electricity.

McCarthy Tétrault LLP represented The Manufacturers Life Insurance Company (Manulife), with a team led by Stephen Furlan.

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