Greengate Power Corp. has secured a multi-year, $100 million equity commitment from Fengate Real Asset Investments 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 gigawatt 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 adviser to Greengate.
