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Canada Growth Fund and Building Ontario Fund announce innovative equity investment in world-leading OPG SMR project

Congratulations to Ontario Power Generation (OPG) for entering into an equity commitment agreement for up to $3 billion to finance the Small Modular Reactors (SMR) project to be constructed at the Darlington New Nuclear Project (DNNP). Canada Growth Fund (CGF) and Building Ontario Fund (BOF) have committed to invest up to $2 billion and $1 billion of equity capital, respectively, each taking minority ownership positions in the project.
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EDPR closes Asset Rotation deal for a 1.6 GW portfolio in US

Congratulations to EDP Renewables on the agreement to sell a 49% common equity stake in a 1.6 GW utility scale U.S. renewables portfolio to a fund managed by the Ares Infrastructure Opportunities strategy. The portfolio includes 10 assets that aggregate to 1,632 MW of capacity across four U.S. power markets, with an estimated enterprise value of ~US$2.9 billion for 100% of the portfolio. CIBC Capital Markets is pleased to have acted as Exclusive Financial Advisor to EDPR.
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Infinis secures £391 million financing package to power next phase of renewable growth

Congratulations to our client, Infinis, on securing a £391m refinancing package. Infinis is the UK's largest generator of low-carbon electricity from landfill methane alongside its rapidly growing portfolio of solar and battery projects. The financing supports Infinis’ growth strategy as the company expands its low-carbon generation platform through new projects. CIBC Capital Markets is pleased to have acted as Arranger, building on CIBC’s credentials in the European Energy Transition space.
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