12/04/2010
Canada - Bridgepoint secures Ontario-based Development Equity for large Ontario Wind Power Plant
Bridgepoint Group is pleased to announce that it has reached financial close for development capital for a 200+ MW Ontario wind farm.
When built, the wind energy project will be one of the largest onshore wind farms in the country. The wind turbines project is currently awaiting a Feed in Tariff (FIT) Program contract by the Ontario Power Authority, the Province's power procurement agency.
The FIT program provides renewable energy developers with a 20 year power purchase agreement and is a key component of the Province's Green Energy Act.
"We are extremely proud to have worked with the project team to secure Ontario-based development equity to finance this large project", noted Frank Carnevale, President & CEO of Bridgepoint Group Ltd. "Development equity is the most difficult to raise in these projects, and thanks to The Green Energy Act, this project will provide future generations with the necessary investments needed to create a modern power system, at the right price".
"The team worked hard over the past year to mitigate risks and move the project towards a contract award. Additionally, this represents an exceptional economic opportunity for the Region in which it will be located", noted Georges Arbache, Associate Vice-President.
Established in 1998, Bridgepoint Group Ltd. is a boutique Consulting, Investment Banking and Private Equity firm that enables the development, management and acquisition of sustainable energy and infrastructure in Canada and the United States.
Bridgepoint Group enables transactions among public and private sector partners in the following markets: Power, Utilities, Transportation, Real Estate & Buildings, Waste, Environment, and Natural Resources.
For more information on this article or if you would like to know more about what www.windfair.net can offer, please do not hesitate to contact Trevor Sievert at ts@windfair.net
www.windfair.net is the largest international B2B Internet platform – ultimately designed for connecting wind energy enthusiasts and companies across the globe!
When built, the wind energy project will be one of the largest onshore wind farms in the country. The wind turbines project is currently awaiting a Feed in Tariff (FIT) Program contract by the Ontario Power Authority, the Province's power procurement agency.
The FIT program provides renewable energy developers with a 20 year power purchase agreement and is a key component of the Province's Green Energy Act.
"We are extremely proud to have worked with the project team to secure Ontario-based development equity to finance this large project", noted Frank Carnevale, President & CEO of Bridgepoint Group Ltd. "Development equity is the most difficult to raise in these projects, and thanks to The Green Energy Act, this project will provide future generations with the necessary investments needed to create a modern power system, at the right price".
"The team worked hard over the past year to mitigate risks and move the project towards a contract award. Additionally, this represents an exceptional economic opportunity for the Region in which it will be located", noted Georges Arbache, Associate Vice-President.
Established in 1998, Bridgepoint Group Ltd. is a boutique Consulting, Investment Banking and Private Equity firm that enables the development, management and acquisition of sustainable energy and infrastructure in Canada and the United States.
Bridgepoint Group enables transactions among public and private sector partners in the following markets: Power, Utilities, Transportation, Real Estate & Buildings, Waste, Environment, and Natural Resources.
For more information on this article or if you would like to know more about what www.windfair.net can offer, please do not hesitate to contact Trevor Sievert at ts@windfair.net
www.windfair.net is the largest international B2B Internet platform – ultimately designed for connecting wind energy enthusiasts and companies across the globe!
- Source:
- Bridgepoint Group
- Author:
- Posted by Trevor Sievert, Online Editorial Journalist
- Email:
- ts@windfair.net
- Link:
- www.windfair.net/...
- Keywords:
- Bridgepoint Group; wind energy, wind power, wind turbine, onshore, offshore, windmill, www.windfair.net, Trevor Sievert, ECA
