CIE closes the project financing of Parc Éolien Pierre-De Saurel community project
CIE acted as renewable energy financial advisor for the debt financing required for the development of a 24.6 MW 100% community-owned wind energy project located in the Pierre-De Saurel regional county municipality, near the town of Sorel-Tracy. The project is the first community project owned at 100% by the community in the province of Quebec, with the project’s return being entirely redistributed to the Pierre-De Saurel regional county municipality.
CIE’s full range of services provided
As financial advisor to Pierre-De Saurel LP, CIE led the financing of the 24.6 MW wind energy project. Responsibilities included financial modelling, market sounding for selection of preferred lenders, contractual review as well as debt project financing from term sheet preparation through documentation and financial close, including hiring of lender’s advisors. Additional services included commercial strategy review, and financial project management services during construction.
As such, CIE was involved in the planning phase and continues to assist the sponsor during the construction phases of the project. The firm also has the capacity and knowledge wind energy projects during the operational phase.
Follow this link for more information from the RCM (French only).