Connor, Clark & Lunn Infrastructure invests in Hunter Creek hydro project
Connor, Clark & Lunn Infrastructure, a company which invests in North American infrastructure companies and projects, has announced an investment in the 12 MW Hunter Creek Hydro Project in Canada.
The project comprises a construction-stage, run-of-river hydro-electric project located near Hope, British Columbia. Concurrent with its equity investment, CC&L Infrastructure and its partner, WindRiver Power Corporation, also closed approximately US$38 million in long-term debt financing for the project.
The Hunter Creek Hydro Project is scheduled to achieve commercial operation in mid-2018.
All power produced by the facility will be sold to British Columbia Hydro & Power Authority under a 40-year Electricity Purchase Agreement.
Matt O’Brien, President of Connor, Clark & Lunn Infrastructure, said:
“We are delighted to be making our second hydro investment alongside our development partner WindRiver, This transaction leverages our experience investing in projects at the construction-stage and adds to our growing portfolio of long-life, stable, cash-generating infrastructure assets.”
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