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.