Capstone Infrastructure Corp has acquired the outstanding interests in two wind farms totalling 63.7MW in Nova Scotia, Canada.
The company has bought the remaining 51% stake in the 62.1MW Glen Dhu facility and the 50% interest in the 1.6MW Fitzpatrick project.
Glen Dhu, which is located near Merigomish, has a power purchase agreement (PPA) in place until 2031. Fitzpatrick, which is close to Pictou, has a PPA secured until 2022.
Capstone said its Capstone Power Corp subsidiary had also completed a $145m corporate refinancing, which matures in 2021.
The finance comprises a $95m revolving and letter of credit facility and a $50m term loan.
Capstone said the new finance deal provides it with “greater flexibility and lower cost”.
Image: Capstone
Capstone takes control in Canada
By EBS