Toronto-based Capstone Infrastructure Corp. has acquired the remaining interests in Glen Dhu Wind Energy Ltd. Partnership and Fitzpatrick Mountain Wind Energy Inc., as well as closed a new corporate credit facility.
On Dec. 31, Capstone acquired the remaining 51% interest in Glen Dhu, a 62.1 MW wind facility located near Merigomish, Nova Scotia, and the remaining 50% interest in Fitzpatrick, a 1.6 MW wind facility located near Pictou, Nova Scotia. Capstone’s interests in both are now 100%.
Glen Dhu and Fitzpatrick are fully contracted under power purchase agreements expiring in 2031 and 2022, respectively, and continue to be managed and operated by a subsidiary of Capstone.
On Dec. 15, Capstone Power Corp., a subsidiary of the corporation, completed a C$145 million corporate refinancing. The new corporate credit facility, which matures in 2021, includes a C$95 million revolving and letter of credit facility and a C$50 million term facility.
