Creative Energy District Heating

Creative Energy District Heating Portfolio Canada - Financing

Industry
Infrastructure/District heating
Area of finance
Project & Infrastructure Finance
Region
North America
Countries
Canada

Deal Overview

District energy company Creative Energy Developments has closed a $53 million credit facility comprising a $28 million refinancing of existing debt and a new $22 million green loan facility. The financing was led by HSBC Bank Canada and Toronto-Dominion Bank with HSBC as green loan coordinator. The...

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District energy company Creative Energy Developments has closed a $53 million credit facility comprising a $28 million refinancing of existing debt and a new $22 million green loan facility. The financing was led by HSBC Bank Canada and Toronto-Dominion Bank with HSBC as green loan coordinator. The funding supports Creative Energy’s future projects in Vancouver and Toronto, including an ocean-exchange district energy system at Horseshoe Bay Sanctuary, a new district cooling system for Main Alley in Vancouver, as well as a neighbourhood energy system and microgrid for Mirvish Village in Toronto.

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Deal Volume
$53m
Financial Close
13 October 2021

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Projects

Creative Energy's District Heating Portfolio in Canada

Greenfield
District heating
North America
Canada
$53m