Global Infrastructure SherpaCIBC provides financing for the acquisition of a portfolio of solar projects by Fengate Asset Management
CIBC provided financing to Fengate Asset Management for the acquisition of a portfolio of solar projects in Canada.
Source Intelligence
Fengate’s installed ground-mount, utility-scale solar capacity in Ontario is 105 MWdc after the investment. Quote: "The investment in the Sault Ste. Marie solar assets brings Fengate’s installed ground-mount, utility-scale solar capacity in Ontario to 105 MWdc, strengthening the firm’s infrastructure business in the power sector."
"Fengate Real Asset Investments (“ Fengate ”) announced that it has reached financial close on the acquisition of three operating, fully-contracted solar assets"
"from Canadian Solar Inc. (“CSI”)"
"CSI will continue to operate the assets on behalf of Fengate as part of a long-term operating and maintenance agreement"
"They are fully-contracted with the Independent Electricity System Operator (“IESO”)"