Armow Wind Facility
Spread across 46,000 acres of mostly leased, privately-owned lands, construction on the project began on October 28, 2014 and achieved commercial operation on December 2015
100% of the electrical output generated by the wind farm's 91 Siemens SWT-2.3-101 turbines is sold to Independent Electricity System under a 20-year power purchase agreement.On October 24, 2014, SP Armow Wind Ontario, a limited partnership between Samsung Renewable Energy Inc. and Pattern Energy Group LP, completed its C$580 million financing to develop the Armow Wind Power Project (Armow), a 180 megawatt (MW) wind power project located in the Township of Kincardine, Ontario.
The financing was secured through a 10-bank syndicate led by Mizuho Bank, Ltd. and was structured as a construction and term loan financing.
Further information can be found on PR Newswire's website.
Torys acted as counsel with a team that included Scott Kraag, Milosz Zemanek, Yinka Olusoga, Adrienne Love and Anneka Dabo (project financing).
Torys a également agi dans le cadre des mandats suivants en lien avec ce projet :
| Territoire | Municipality of Kincardine |
| Province/État | Ontario |
| Pays | Canada |
| Nature du mandat | Financement de projet |
| Client | Bank of Montreal, CIBC, Crédit Agricole, Société Générale, Sumitomo Mitsui and the 10-bank syndicate of lenders |
| Rôle du client | Prêteur |
| Valeur | 580 000 000 $ CAD |