On July 21, 2006, Brookfield Power Wind Prince LP, a subsidiary of Brookfield Power Inc., completed a $300 million construction facility for the Prince I and Prince II wind generating facilities. The partnership (or a predecessor) entered into a 20-year renewable energy supply contract with Ontario Power Authority for each project. The projects will be constructed in part by S&C Electric Canada Ltd. and in part by Mortenson Canada Corporation.
The Prince I wind farm, with commercial operation scheduled for August 2006, will include 66 GE wind turbines with 99 MW of power generation capacity. The Prince II wind farm, with commercial operation scheduled for December 2006, will include 60 GE wind turbines with 90 MW of power generation capacity. Both projects are located near Sault Ste. Marie, Ont.
The financing was provided by a syndicate of lenders led by Royal Bank of Canada (also the administrative agent) and The Bank of Nova Scotia (also the syndication agent). Royal Bank of Canada and Scotia Capital were the co-lead underwriters.
Torys LLP represented Brookfield Power Wind Prince LP under the direction of Louis-Philippe Denis, legal counsel of Brookfield Power Corporation. The Torys team was led by Alison Lacy and included Bela Halasz, Milosz Zemanek, Don Roger and Jonathan Weisz.
McCarthy Tétrault LLP represented the lenders with a team consisting of Michael Weizman, David Lever, Steve Furlan, John Currie, Justin Lapedus, David Starkman and Ana Badour.
The Prince I wind farm, with commercial operation scheduled for August 2006, will include 66 GE wind turbines with 99 MW of power generation capacity. The Prince II wind farm, with commercial operation scheduled for December 2006, will include 60 GE wind turbines with 90 MW of power generation capacity. Both projects are located near Sault Ste. Marie, Ont.
The financing was provided by a syndicate of lenders led by Royal Bank of Canada (also the administrative agent) and The Bank of Nova Scotia (also the syndication agent). Royal Bank of Canada and Scotia Capital were the co-lead underwriters.
Torys LLP represented Brookfield Power Wind Prince LP under the direction of Louis-Philippe Denis, legal counsel of Brookfield Power Corporation. The Torys team was led by Alison Lacy and included Bela Halasz, Milosz Zemanek, Don Roger and Jonathan Weisz.
McCarthy Tétrault LLP represented the lenders with a team consisting of Michael Weizman, David Lever, Steve Furlan, John Currie, Justin Lapedus, David Starkman and Ana Badour.
Lawyer(s)
Justin A. Lapedus
Milosz A. Zemanek
Jonathan B. Weisz
Bela Halasz
Michael Weizman
David Starkman
Stephen Furlan
David A.N. Lever
Alison Lacy
John C. Currie