Leading Alberta-based independent renewable and clean energy developer Greengate Power Corporation (“Greengate”) has secured a multi-year, $100 million equity commitment from Fengate Real Asset Investments (“Fengate”) to jointly pursue the development and acquisition of projects in Alberta, Canada, with the potential to expand across North America.
The investment enables Greengate to fund the development and eventual build-out of its approximately 1,000 megawatt (“MW”) portfolio of late-stage wind and solar development projects in Alberta. In addition, the funding commitment from Fengate will facilitate Greengate’s continued growth as an industry-leading producer of renewable and clean energy projects in North America. CohnReznick Capital acted as the exclusive financial advisor to Greengate.
Read the official press release by clicking here.