Energy Financing

Providing mid-market structured finance solutions and advisory services.

Case Study #1

Challenge:

Wind developer required non-recourse construction and term financing for a portfolio of small wind projects located in Atlantic Canada. Each portfolio had a different legal structure and the borrower was unable to provide cross collateralization to enable a larger portfolio financing to attract the attention of larger project finance lenders.

Solution:

Travelers Capital arranged the financing with a unique cash flow credit enhancement structure under four separate financings to allow a single institutional lender to provide the financing to meet the requirements of the developer. The lender would not have been able to finance the projects on a standalone basis as some of the projects were considered too small. A common owner with majority control and standardized construction and turbine supply contracts across the portfolio of projects enabled this financing to close in a streamlined and timely manner at a competitive cost.

Case Study #2

Challenge:

A client acquired a portfolio of operating solar projects over an extended period of time and was looking for a flexible financing solution to allow them to refinance their equity which was to be redeployed into other investments.

Solution:

Travelers Capital structured and arranged a flexible holdco loan financing solution which allowed the company to borrow in multiple tranches over an extended period of time without having to pay commitment fees for financing that would be required at a later date.

Featured below are a few highlighted transactions arranged by Travelers Capital Corporation.

$68,620,000

Concord Green Energy

69 MW AC of solar farms in Canada | Holdco level financing

$62,000,000

Box Caynon Hydro Corporation

16 MW Hydro Project in British Columbia | Construction & Term Financing

$57,000,000

Juwi Wind and Firelight Infrastructure Partners

24 MW Wind Project Portfolio in Nova Scotia | Construction & Term Financing

$91,200,000

Scotiaweb Limited Partnership

40 MW Wind Project Portfolio in Nova Scotia | Construction & Term Financing

Undisclosed

Infrastructure
Coalition LP

8 MW Raging River Hydroelectric Power Facility | Acquisition Term Financing

$26,000,000

Riverbank ACD Hydro, LLC

7.5 MW Dorena Lake, Oregon & 4.7 MW Clark Canyon, Montana | Construction & Term Financing

$18,300,000

Ameresco Finance
Solar Inc.

8 MW of Rooftop Solar Projects | 3 Phases of Senior Term Financing