Le Plateau Wind Power Closes Project Financing

On May 9, 2011, Le Plateau Wind Power L.P. (“Le Plateau”), a wholly owned subsidiary of Invenergy Wind LLC, entered into a credit agreement with Royal Bank of Canada (the “Agent”), as administration agent, and the lenders party thereto as lenders (the “Lenders”), establishing project financing credit facilities in excess of $250 million (the “Project Financing”). The Project Financing related to a wind power energy generation facility located in the Ruisseau-Ferguson unorganized territory in the MRC d'Avignon in Québec (the “Project”). The Project Financing will be used for the development, construction, ownership and operation of the Project.

RBC Capital Markets, Natixis, New York Branch (“Natixis”), Sumitomo Mitsui Banking Corporation of Canada (“SMBC”), Bayerische Landesbank, New York Branch (“BLB”) and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., New York Branch (“Rabobank”) acted as joint lead arrangers for the Project Financing. The Lenders under the Project Financing consist of Royal Bank of Canada, Natixis, SMBC, BLB, Rabobank and Union Bank, Canada Branch. The Project is a 138.6 MW wind power project scheduled for completion in December, 2011, which will generate enough renewable energy to power over 45,000 homes.

Le Plateau was represented in Québec, Ontario and Alberta by McCarthy Tétrault LLP with a team that was led by Marc Dorion, QC, and Kim Thomassin (energy and project financing) and included Richard O'Doherty, Mary Jeanne Phelan and Sabine Audette-Hall (project financing); Louis-Nicolas Boulanger (energy and project financing); Mathieu Leblanc (energy); Danielle Drolet and Marie-Pier Gosselin (real estate); Isabelle Blouin (permitting); Frédéric Harvey and Lindsay Hollinger (tax) in Montréal; Sean O'Neill (energy) and Justin Lapedus and Jennifer McGoey (project financing) in Toronto and Ira Cooper (project financing) in Calgary. Le Plateau was represented in Manitoba by Glen Agar of Thompson Dorfman Sweatman LLP and in the United States by Winston & Strawn LLP by Jim Klempir, Michael O'Brien and Laurette Petersen. Enercon was represented by Peter Ascherl (corporate); Jon Holmstrom and Louise Kennedy (banking and finance) and Christopher Steeves (tax) of Fasken Martineau DuMoulin LLP.

The Agent and Lenders were represented by Fraser Milner Casgrain LLP with a team that consisted of Joe Palin, Trevor Morawski, Megan Cole, Colin Yeo and Shaun Hohman of the Project Finance Group in Calgary, and Mylany David (real estate and regulatory); Barbara Farina, Mylene Henrie and Charles Cote-Lepine (financial services); Ann Bigue and Jan-Martin LeBlanc (First Nations) in Montréal.