• Greengate Power

  Led · Equity · Dec 2010

  Greengate Power develops, originates and builds wind and solar projects across Alberta and Ontario and is pursuing expansion across North America. Its core product is utility-scale renewable energy projects; since 2007 it has developed 480 MW of operating renewable assets and is developing roughly 1,000 MW of late-stage wind and solar projects. The company has attracted approximately $1 billion of capital deployed by partners such as Enbridge, EDF and Capital Power. Greengate positions itself as an industry-leading producer of renewable and clean energy and aims to capitalize on growing demand under policies like Alberta’s Climate Leadership Plan. The company will use the new funding to advance project development and move projects toward construction. Financially, the Greengate platform is supported by long-term capital commitments and strategic industry partnerships. Greengate Power develops utility-scale wind energy projects across Alberta, targeting sites with access to existing transmission. The company is currently developing roughly 1,550 MW of wind projects on approximately 200,000 acres of private land. Management intends to use new capital to continue development of its wind project portfolio. The firm raised an initial tranche under a larger financing and expects remaining proceeds to be advanced upon completion of certain milestones. Recent governance changes tied to the financing include the addition of an NGEN Managing Director to the board and a planned board appointment from SAM Private Equity at the next shareholders’ meeting.

No current team members are available.