Historic Transactions
The Redstone Company has provided clients with financial and technical advisory on over $200M CAD of potential renewable generation asset acquisitions in Ontario, and over $2.5B USD in proposed acquisitions across the rest of North America. We are active in markets across North America today.
Below are a few precedent transactions; feel free to connect with us for case studies of these transactions.
Bruce Renewable Energy Portfolio Acquisition
The Redstone Company 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 included leading the buy-side process, negotiations with the seller, all financial analysis and preparation of Investment Memorandum, and running an 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/
Real-Flex Solar Corp. Portfolio Sale
The Redstone Company acted as the exclusive sell-side advisor to Real-Flex Solar Corp. on the sale of its 1,250-kW solar portfolio to the Skyline Clean Energy Fund for $7.3M CAD. This high-quality portfolio of Southern Ontario solar projects had at the time of sale 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 ran a multi-phased auction for the company’s solar portfolio with multiple competitive bidders, leading negotiations and bringing the process to a close in roughly 8 months from beginning to end.
Please refer to Skyline’s announcement of the closed transaction for further details: https://www.skylineenergy.ca/blog/scef-purchases-3-solar-assets-in-southern-ontario%e2%80%af/
Solar Portfolio Acquisition
The Redstone Company acted as the exclusive advisor to the Ottawa Renewable Energy Co-Op on it's’ transformational acquisition of a portfolio of Ontario solar assets, fully contracted with the Ontario Independent Energy System Operator (IESO).
The Redstone Company led the buy-side advisory process for 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 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.
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/
Zurich Wind Project Acquisition
The Redstone Company acted as the exclusive transaction advisor for the Ottawa Renewable Energy Co-Op on their acquisition of the Zurich Wind Project, a 800 kW project located in Huron County, Ontario.
This included originating the opportunity for the buyer, leading their buy-side due diligence process including all financial analysis, leading negotiating with the seller, and leading the transaction through to closing.
Please refer to OREC’s acquisition: https://www.orec.ca/zurich
Solar Portfolio Financing
The Redstone Company provided exclusive financial advisory for a confidential utility client with a 600 kW rooftop solar portfolio on a non-dilutive $3M financing for the company to inject capital to grow its renewable energy portfolio.
This included running an RFP of multiple capital providers for the client, and providing recommendations for the ultimate selection based on the client’s need.