Jordan Stutts
The project is Pattern’s latest development in Canada, with support from The Manufacturers Life Insurance Company, CDPQ and German bank Bayerische Landesbank.
The battery systems will be attached to two wind farms in West Texas that have a combined 446MW capacity.
The group has reached financial close on a public-private partnership to develop healthcare facilities for Ontario’s mentally ill.
In a highly anticipated deal, Brookfield has agreed to take a controlling stake in TerraForm Power and buy TerraForm Global outright.
The downsides of how the US operates its airports compared to its Northern neighbour were up for debate at an infrastructure conference in Montreal.
A ‘traumatic’ gap is made larger because non-bankable projects without clearly defined revenue streams are inflating infrastructure programmes, financiers say.
Prime Minister Justin Trudeau and Quebec’s Minister for International Relations think infrastructure investment is crucial to enable trade between Canada and its southern neighbour.
Highlighting the positives of investment rather than talking about ‘infrastructure spending’ can make projects easier to sell to an increasingly wary public, according to industry heavyweights.
The 21-mile highway project has faced repeated delays and disputes over the payment of subcontractors.
The pair have acquired sPower, a Fir Tree Partners subsidiary that has grown in recent years into the US's largest utility-scale solar builder.