Ram Power, Corp. (TSX: RPG), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, has signed a mandate letter with the International Finance Corporation (IFC), a member of the World Bank Group, for the financing of a binary unit at the Company’s San Jacinto-Tizate Project near Leon, Nicaragua. The mandate letter [...]

Ameresco Canada Inc. announced today that it has finalized a $7.7 million senior secured credit facility for two of its Ontario based rooftop solar projects aggregating 2,069 kilowatts. The senior secured credit facility was arranged and structured through Travelers Capital Corporation,  a unit of Travelers Financial Corporation. The power generated from the projects will be sold [...]

Innergex Renewable Energy Inc. (TSX: INE) has secured $117.3 million in non-recourse project financing, including a $5.6 million facility for the issuance of a letter of credit, for its Stardale solar project located in East-Hawkesbury, Ontario, Canada. The Bank of Tokyo Mitsubishi UFJ, Ltd. acted as the Lead Arranger and Administrative Agent and the financing is expected to be [...]

Synex International Inc. (TSX: SXI) today provided an update on the development of Barr Creek Hydro Project. Barr Creek Hydro Project, a 4.4 MW hydroelectric plant to be located near the Village of Tahsis on Vancouver Island, is being developed by The Barr Creek Limited Partnership (BCLP) and its general partner, Barr Creek Hydro Ltd. (BCHL).  BCLP and BCHL will own, construct [...]