The FIT program provides renewable energy developers with a 20 year power purchase agreement and is a key component of the Province’s Green Energy Act.
"We are extremely proud to have worked with the project team to secure Ontario-based development equity to finance this large project", noted Frank Carnevale, President & CEO of Bridgepoint Group Ltd. "Development equity is the most difficult to raise in these projects, and thanks to The Green Energy Act, this project will provide future generations with the necessary investments needed to create a modern power system, at the right price".
"The team worked hard over the past year to mitigate risks and move the project towards a contract award. Additionally, this represents an exceptional economic opportunity for the Region in which it will be located", noted Georges Arbache, Associate Vice-President.
Established in 1998, Bridgepoint Group Ltd. is a boutique Consulting, Investment Banking and Private Equity firm that enables the development, management and acquisition of sustainable energy and infrastructure in Canada and the United States.
Bridgepoint Group enables transactions among public and private sector partners in the following markets: Power, Utilities, Transportation, Real Estate & Buildings, Waste, Environment, and Natural Resources.