Claresholm Solar: Canada's benchmark solar project

The Canadian province of Alberta has become a major centre for power development and financing activity. Alberta faces the toughest challenges of any province in decarbonising its power fleet, and sponsors need to get creative to finance new capacity in the AESO energy-only spot market.

The Claresholm solar project was a real first for the Canadian market. It's the country's largest solar plant and combined contracted and merchant revenues to produce a benchmark for greenfield renewables in the province. It also combined bank and institutional tranches and used a variety of structural enhancements to get lenders comfortable with its offtake profile. The deal was a deserving winner of Proximo's North America Solar award.

Interviewer: Tom Nelthorpe, contributing editor, Proximo

Guest: Andrew Kennedy, CFO, Capstone Infrastructure Corporation

Watch the case study here:

Canadian Power & Renewables Finance Virtual Event

Join us on Thursday, July 15th, to digitally meet key players in Canada's power & renewables finance sector. With a focus on real opportunities in a challenging market, this virtual event provides a high quality platform for people on the ground working on transition fuels, new smart metering and micro grid technologies to interface with state government and an agile financing and investment community in Canada. 

Proximo's innovative gamified sessions deliver the curated content you can arm yourself with as we continue headfirst into the green revolution and state support mechanisms shift.

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About Proximo's Benchmark Deals

Proximo's Benchmark Deals provide opportunities to hear in-depth and on-camera from the deal-makers that put together the markets most notable deals. They are broadcast live and are available for members to view on-demand. This Benchmark Deal video has been opened for a limited time in advance of our Canadian Power & Renewables Finance virtual event, taking place on Thursday, July 15th.