Boralex and Six Nations of the Grand River secure $145 million financing for 500MWh Ontario BESS

Boralex is a Canadian renewable energy power producer that develops, builds, and operates onshore wind farms, solar farms, hydroelectric power stations, and energy storage facilities. Their strategy focuses on growth in North America and Europe, leveraging their expertise in project development and asset management to expand their installed capacity and contribute to the energy transition.

Canadian Imperial Bank of Commerce (CIBC) is a major Canadian financial institution providing corporate and investment banking services, including project finance, advisory, and capital markets solutions for infrastructure and power projects. The bank is headquartered in Toronto, Canada, with total assets of C$997.7 billion as of Q1 2024.

National Bank of Canada acted as a lender in one verified deal: a $1.5B financing for energy storage in the USA. Their activity is focused on the energy storage technology sector within the United States.