In March 2024, a consortium of lenders closed on the project financing of the Sharp Hills Wind Farm Project located in Alberta. The deal is valued at over C$600 million and will fund the development of a 300 MW wind farm composed of 67 Vestas wind turbines. The project includes an electrical collector system and is expected to contribute significantly to Canada’s renewable energy capacity.

Osler, Hoskin & Harcourt LLP acted for the consortium of lenders, which includes ATB Financial, Fédération des Caisses Desjardins du Québec, KFW-IPEX Bank, MUFG Bank, Ltd., Siemens Financial Services, and Sumitomo Mitsui Banking Corporation. TC Energy has entered into a power purchase agreement (PPA) to acquire 100% of the power output from the site, further underlining its commitment to renewable energy initiatives.

The Osler team advising the lenders included Chris Bennett, Danna Donald, Jasmyn Lee, and Bryce Kustra.