Historic Transactions
The Redstone Company has provided clients with financial and technical advisory on over $175M CAD of potential renewable generation asset acquisitions in Ontario, over $100M USD in proposed acquisitions in the United States, and are active across North America today.
Below are a few precedent transactions; feel free to connect with us for case studies of these transactions.
Bruce Renewable Energy Portfolio
The Redstone Company acted as the exclusive financial advisor for EnerFORGE and the Ottawa Renewable Energy Co-Op on their acquisition of a portfolio of 12 renewable energy assets totaling over 2,500 kW of capacity in Bruce County, Ontario.
This included leading the buy-side process, negotiations with the seller, all financial analysis and preparation of Investment Memorandum, and running an RFP for solicitation of debt financing for the portfolio.
Please refer to EnerFORGE’s announcement: https://enerforge.ca/enerforge-announces-acquisition-of-southern-ontario-renewable-generation-portfolio/
Real-Flex Solar Corp. Portfolio Sale
The Redstone Company acted as the exclusive sell-side advisor to Real-Flex Solar Corp. on the sale of its 1,250-kW solar portfolio to the Skyline Clean Energy Fund for $7.3M CAD. This high-quality portfolio of Southern Ontario solar projects has three FIT 1.0 contracts, with 12 years of contract life remaining, and it generates enough electricity to power approximately 176 homes each year.
The Redstone Company ran a multi-phased auction for the company’s solar portfolio with multiple competitive bidders, leading negotiations and bringing the process to a close in roughly 8 months from beginning to end.
Please refer to Skyline’s announcement of the closed transaction for further details: https://www.skylineenergy.ca/blog/scef-purchases-3-solar-assets-in-southern-ontario%e2%80%af/
Solar Portfolio Financing
The Redstone Company provided exclusive financial advisory for a confidential utility client with a 600 kW rooftop solar portfolio on a non-dilutive $3M financing for the company to inject capital to grow its renewable energy portfolio.
This included running an RFP of multiple capital providers for the client, and providing recommendations for the ultimate selection based on the client’s need.
Solar Repower Advisory
The Redstone Company has provided clients with financial and technical advisory over the repowering of multiple existing solar projects totaling 300 kW, to provide higher production and stronger economics for existing assets.