The Redstone Company Advises the Ottawa Renewable Energy Co-Op on Ontario Solar Portfolio Acquisition

November 25, 2024

Toronto, Ontario

The Redstone Company is proud to congratulate its client, the Ottawa Renewable Energy Co-Op (“OREC”), on the closing of its’ transformational acquisition of a portfolio of Ontario solar assets, fully contracted with the Ontario Independent Energy System Operator (IESO). The Redstone Company acted as the exclusive advisor to OREC on this transaction and was involved with the transaction from beginning to close.

The Redstone Company led the buy-side advisory process for OREC and were lead advisors across the entire transaction. We were involved with the target from the very initial meeting, leading negotiations and bringing the transaction through an efficient process to a fruitful conclusion for all involved. The Redstone Company also prepared financial analysis and operational due diligence materials and led the diligence process for OREC.

"It was a pleasure working with The Redstone Company again on this acquisition, which represents a significant step in OREC's growth mission. Given Chris Gerhardt's in-depth analysis, concise advisory combined with people skills and a focus on solutions, we're looking forward to working together on the next project."

Marion Siekierski, General Manager, OREC

More information about OREC, including how you can participate in the Ontario energy transition through investing with OREC, can be found here: https://www.orec.ca/

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 over $25M of renewable energy transactions in the past 3 years. 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.