The Redstone Company Advises EnerFORGE in its acquisition of Southern Ontario renewable generation portfolio

The Redstone Company is proud to announce that it acted as the exclusive financial advisor for EnerFORGE and the Ottawa Renewable Energy Co-Op on their acquisition of a portfolio of 12 renewable energy assets totaling over 2,500 kW of capacity in Bruce County, Ontario. This was an extremely exciting opportunity for the consortium to acquire a high-quality Enercon E-82 Wind Turbine outside of Kincardine, Ontario. The asset has a long-term power purchase agreement (PPA) with the Ontario Independent Energy System Operator (IESO) and a fully-wrapped operations and maintenance agreement with Enercon.

We were very excited to lead the buy-side advisory process for EnerFORGE and OREC, and were their lead advisors across the entire transaction. We were involved with the target from the very initial meeting, leading negotiations and bringing a long process to a fruitful conclusion for all involved. The Redstone Company prepared financial analysis and operational due diligence materials, alongside the Investment Memorandum, for the clients. We also led the RFP for solicitation of debt financing for the portfolio.

Please refer to EnerFORGE’s announcement: https://enerforge.ca/enerforge-announces-acquisition-of-southern-ontario-renewable-generation-portfolio/