February 26, 2018

SkyPower Completes RESOP Refinancings

Goodmans LLP represented SkyPower Operations, Limited (“SkyPower”), a portfolio company of CIM Group Investments (“CIM”) in connection with the completion of five concurrent refinancings totalling $250 million by Nomura Securities International, Inc. (“Nomura”) of its seven renewable energy standard offer program (RESOP) projects located in various locations in Ontario.

SkyPower co-owns one of the projects with SunEdison Canada LLC, two with BlackRock Global Energy & Power Infrastructure Fund and one with Firelight Infrastructure Partners. This is a significant refinancing in the renewable energy sector in Ontario involving some of the oldest solar parks in the province.

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...its borrower-side work and involvement in complex restructuring-related matters is particularly impressing. — The Legal 500 Canada
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Clients note, "The firm provides sound advice on various complex and time-sensitive transactions including explaining our options and the related pros and cons to each decision." — Chambers Canada
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