Transactions
Selkirk arranges development capital financing for a solar portfolio in Alberta
Selkirk Advisory Group Inc. (“Selkirk”) is pleased to announce closing of an approximately CA$23 million development capital financing provided by Fiera Infrastructure Private Debt (“Fiera”) to Starlight, a global developer of renewable power and energy storage projects and a NextEnergy Group company. Proceeds of the loan will be used by Starlight to advance development of its portfolio of solar PV projects in Alberta. Selkirk acted as arranger for Fiera and is loan agent for the transaction.
“This financing is a significant milestone for the advancement of our 2 GWp Alberta solar PV portfolio,” said Marc Stachiw, Vice President, Business Development at Starlight. “Selkirk’s expertise and dedication have been instrumental in structuring a solution that supports our development objectives to deliver renewable energy projects to Alberta’s electrical system. We value their partnership and look forward to continued collaboration.”
“The Selkirk team is delighted to have been able to assist Starlight with this unique financing, which provides cost-effective development capital to advance a large portfolio of important projects” said Dan Doubilet, Managing Partner of Selkirk. “We are looking forward to continuing to support Starlight on these projects and to building our relationship with Starlight and NextEnergy Group.”
