Renewable energy financial advisors for parc éolien Seigneurie de Beaupré

CIE’s renewable energy financial advisors participate in the refinancing of the wind energy project Seigneurie de Beaupré 2 and 3

4 May 2016

CIE acted as renewable energy financial advisors to the Sponsors for the refinancing of the outstanding debt and LC facilities for the 272 MW Seigneurie de Beaupré 2 and 3 wind energy project. The project is located in the Côte-de-Beaupré RCM, north-east of Quebec City.

Typical mandate for our renewable energy financial advisors

As financial advisor to the Sponsors, Boralex and Beaupré Éole (Gaz Métro and Valener), CIE analyzed and provided recommendations on different refinancing scenarios supported by financial modelling, sensitivity analysis and market sounding. The financial modelling consisted initially in comparing the project’s returns of a banking, lifeco, hybrid or bond solutions, while reaching out to potential lenders to validate the assumptions for each solution for this significant wind energy project.

Upon selection of the preferred solution, CIE assisted the Sponsors in the refinancing process, operating the financial model and providing project financing insight up to and including financial close. Refinancing facilities totaling $617.5 millions included a Hermes covered and an uncovered tranche as well as letters of credit provided by a syndicate of international banks, including Bank of Tokyo-Mitsubishi (UFJ), KfW IPEX-Bank, Sumitomo Mitsui Banking Corporation, Mizuho Corporate Bank, AKA Bank, DZ Bank, Laurentian Bank of Canada, Commonwealth Bank of Australia and Crédit Industriel et Commercial.

Another successful wind energy financing

CIE is proud to have participated in this important wind energy project refinancing. Our staff of renewable energy financial advisors specialized in commercial strategy, financial analysis and modeling as well as project financing was able to add value to the Sponsors during the full 12 months of this mandate. The refinancing resulted in a $80M special distribution to the sponsors.

Click here for more information and to access the official press release. Financial highlights of this wind energy project are available on our Project page. If you need more information about our various services, please contact us.

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