Capstone Infrastructure Corporation Announces Claresholm Solar Project Financing

Capstone Infrastructure Corporation | November 06, 2020

Capstone Infrastructure Corporation is pleased to announce a Claresholm Solar Project financing update. On July 9, 2020, Claresholm signed a credit agreement with ATB Financial, Fiera Infrastructure Private Debt Fund LP and Telus Pensions Liability Hedging Master Trust to provide up to $115 million of construction to term financing for the 132 MWac Claresholm Solar Project, located in the Municipal District of Willow Creek, Alberta. Along with our partner, Denmark-based Obton A/S (“Obton”), we are excited to announce that all the funding conditions have been met and construction is in full swing. “We greatly appreciate the efforts and support of our lenders at ATB, Fiera and Telus, who also share our strong belief in the project and the province of Alberta. The financing represents a major milestone in delivering this groundbreaking project, which, when complete, will be Canada’s largest solar facility.” Andrew Kennedy, Chief Financial Officer, Capstone.

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