Mont Sainte-Marguerite Wind Farm
Consisting of 46 Siemens innovative 3.2 MW direct-drive wind turbines, construction on the project began in the third quarter of 2016 and reached commercial operation in April 2018.
On March 7, 2017, Pattern Energy Group LP ("Pattern Development") announced the completion of a C$263 million construction-to-term financing for its 147 MW Mont Sainte-Marguerite Wind project, located approximately 50 kilometers south of Québec City.
Financing was provided by The Manufacturers Life Insurance Company, Caisse de dépôt et placement du Québec and Bayerische Landesbank, and fully amortizes over the term of the project's 25-year power purchase agreement (PPA) with Hydro-Québec.
Further information can be found on PR Newswire's website.
Pattern Development is a leader in developing renewable energy and transmission assets.
Torys acted as counsel to the lenders with a team led by Scott Kraag and Milosz Zemanek (project financing).
Torys also acted on the following in connection with this project:
| Jurisdiction | Saint-Sylvestre, Saint-Séverin and Sacré-Coeur-de-Jésus |
| Province/State | Québec |
| Country | Canada |
| Nature of Engagement | Project Finance |
| Client | The Manufacturers Life Insurance Company and Bayerische Landesbank |
| Client Role | Lender |
| Value | $263,000,000 CAD |