The Redstone Company Advises Real-Flex Solar Corp. on Solar Portfolio Sale
September 14, 2022
Toronto, Ontario
The Redstone Company is proud to announce the closing of the sale of a 1,250-kW DC solar portfolio by Real-Flex Solar Corp. to the Skyline Clean Energy Fund for $7.3M CAD, on August 26, 2022. This high-quality portfolio of Southern Ontario solar projects has three FIT 1.0 contracts, with 12 years of contract life remaining, and it generates enough electricity to power approximately 176 homes each year.
The Redstone Company was the exclusive sell-side advisor to Real-Flex Solar Corp. and ran a multi-phased auction for the company’s solar portfolio with multiple competitive bidders. The Redstone Company led negotiations and brought the process to a close in roughly 8 months from beginning to end.
“The Redstone Company ran a seamless auction process, managing the bidders in an effective manner and ensuring that the transaction moved forward to a satisfactory conclusion for all parties. We enjoyed working with Christopher and hope to work with him again soon.”
Sean Neely, President of Real-Flex Solar Corp.
“It was a pleasure to work with Sean and his team, and to find a great long-term owner for the high-quality assets in the Real-Flex solar portfolio. We ran a competitive process and were able to get Real-Flex a fair value for its portfolio. Please reach out if you have any questions about the value of your renewable energy portfolio or if you have any interest in growing or optimizing your energy portfolio.”
Christopher Gerhardt, Principal of The Redstone Company
About The Redstone Company
The Redstone Company has significant experience in the Ontario renewable energy market, having provided buy-and-sell side advisory services on thousands of kW of renewable and biogas capacity in the region, including most recently the Real-Flex Solar Portfolio and the Bruce Renewable Portfolio. Please reach out if you would like help understanding what your portfolio of renewable projects is worth, if you have interest in acquiring new renewable projects, or if you have more interest in the current state of play in the Ontario renewable energy market.