Greengate Power $100 million equity commitment from Fengate Real Asset Investments

Alberta-based independent renewable and clean energy developer Greengate Power Corporation 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 North America. The investment will enable Greengate to fund the development and eventual build-out of an approximately 1,000 MW portfolio of late-stage wind and solar development projects in Alberta. In addition to this, the funding commitment from Fengate will facilitate Greengate’s growth in North America. CohnReznick Capital acted as the exclusive financial adviser to Greengate.

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