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Client Work

InstarAGF completes debt financing for 30MW wind portfolio

Fasken
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Overview

Client

Manufacturers Life Insurance Company

On April 18, 2016, InstarAGF, an independent asset management firm with a focus on infrastructure, closed a C$78 million debt financing for two wind projects in the Okanagan region of British Columbia, Canada, with each project having an installed capacity of 15MW. Both sell output to BC Hydro under 40-year Electricity Purchase Agreements (EPAs). Fasken Martineau acted as counsel to The Manufacturers Life Insurance Company with a team that included Brian Kelsall, Ella Plotkin, Marc Lefler, Kai Alderson, Tariq Ahmed and Aine O’Connor.

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