BlackRock Real Assets has reached an agreement with Ullico Inc. on the sale of a portfolio of four operating solar projects in Ontario, Canada.
BlackRock acquired, financed and oversaw construction of the portfolio over an 18 month period. The solar farms provide attractive, long-term stable cash flows and high cash yields through standardized fixed Feed-in-Tariff offtake contracts with Ontario's Independent Electricity System Operator. The de-risked Portfolio delivers significant efficiencies in operation due to the homogenous nature of the design and equipment selection, and has a demonstrated track record of operating performance.
Norton Rose Fulbright acted as legal advisors and Black & Veatch acted as technical advisor to Ullico for this transaction. Bank of America Merrill Lynch and Osler are the financial and legal advisors on this transaction for BlackRock.
The Government of Canada has expressed support through financing package for the 23 MW Suffield Solar Project proposed by Canadian Solar. The CAD49 million (US$37 million) solar pr...
Read moreFortis Inc. has entered into a definitive agreement with Columbia Power Corporation (CPC) and Columbia Basin Trust (CBT) to sell its 51% interest in the Waneta Expansion Hydroelectric Project in...
Read moreThe Government of Canada has expressed support for a new geothermal power facility near Estevan in Southeastern Saskatchewan. The energy project, led by DEEP Earth Energy Production Corpora...
Read moreLa Caisse de dépôt et placement du Québec (CDPQ), a leading global institutional investor, today announced that it reinvested EUR100 million (US$ 113.7 million) in SPIE, the i...
Read moreTurning Point Generation has announced that the construction and operation of the Canyon Creek Pumped Hydro Energy Storage Project has been formally approved by the Alberta Legislature, a requirement...
Read more