Renewable Energy Power Generation (Wind and Solar Power Generation) Project in Canada

  • Area: North America
  • Infrastructures
  • Environment
  • [Project Finance]

Project Outline

Project Description Build and operate three wind power stations (combined capacity: 248MW) and two solar power stations (combined capacity: 20MW) in Ontario and British Columbia, Canada, and sell the electricity generated under various 20-year contracts.
Loan Target Projects Erieau Wind Power Generation Project, Brockville Solar Power Generation Project, Beckwith Solar Power Generation Project (Ontario), Cape Scott Wind Power Generation Project (British Columbia)
Brrower C2C Power Financing 3 LP incorporated in Canada
Location Ontario, Canada
Loan Signing December 14, 2012
Sponsors Mitsui & Co., Ltd. (Mitsui), GDF Suez Canada Inc., Fiera Axium Wind LP
Related Japanese Companies Mitsui, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Corporate Bank, Ltd., Sumitomo Mitsui Banking Corporation
Total Cofinancing Amount 795 million Canadian dollars
JBIC Loan Amount 477 million Canadian dollars

Loan Outline

  • This project is a form of overseas integrated infrastructure system deployment project in which Mitsui participates as an equity holder, and engages in the long-term operation and maintenance of renewable energy power stations.
  • This is the first renewable energy power generation project in which JBIC is providing loans denominated in the local currency (Canadian dollar) for several projects, based on a limited recourse finance scheme.
  • This project will strengthen the international competitiveness of Japanese companies by supporting their overseas business activities in the renewable energy sector, which is expected to expand.
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