Transactions
Selkirk co-arranges acquisition financing for 2 MW landfill gas cogeneration project in Québec
Selkirk Advisory Group Inc. (“Selkirk”) is pleased to announce closing of a long-term debt financing in respect of the acquisition and expansion of an operating 2 MW landfill gas utilization facility (the “Project”) by Cogen Biogaz HY S.E.C., a partnership between Hydromega Services Inc. and Plant-E Corp.
The Project, situated in the municipality of Sainte-Cécile-de-Milton, Québec, generates power and offset carbon credits from methane collected at the landfill site, with the electrical energy sold to Hydro-Quebec Distribution pursuant to a long-term power purchase agreement and the offset credits monetized in the open market.
The financing was co-arranged by Selkirk and Stonebridge Financial Corporation, with funding provided by The Equitable Life Insurance Company of Canada and Stonebridge Infrastructure Debt Fund II Limited Partnership.
