Leading Advisors in Project Finance

  • Operis Supports Financing of Cascade Power

    4 September 2020

    Operis provided a high-level review of the financial model for Axium Infrastructure for the 900MW combined-cycle natural gas-fired Cascade Power plant. Recently, Axium and its equity partners, including DIF Capital Partners and OPTrust, secured a non-recourse debt facility for up to CAD 1bn to fund the construction of this project. The power plant, located near Edson, Alberta, benefits from long-term gas netback agreements, which provide cashflow stability for the investors. Construction will begin immediately, with commercial operations scheduled to start in 2023.

    Operis was pleased to work with Axium again, having recently supported its acquisitions of a solar portfolio and wind energy transmission line.

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