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Stock impact report

Forêt Domaniale Wind Project secures financial close [Yahoo! Finance]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Yahoo! Finance
EDF solutions électriques and Alliance de l'énergie de l'Est, which hold equal ownership in the project, confirmed that all necessary funds have been secured following the provincial government's approval decree. The project's financing, structured under the Green Loan Principles, comes from a consortium of lenders. Desjardins Group, which led the financing and acted as administrative agent, worked alongside the Canadian Imperial Bank of Commerce, KfW IPEX-Bank, the National Bank of Canada and MUFG. Located in the Cap-Saint-Ignace, Notre-Dame-du-Rosaire and Sainte-Apolline-de-Patton municipalities within the Montmagny regional county municipality in Chaudière-Appalaches, the wind farm will comprise 30 Vestas wind turbine generators. The facility will connect to Hydro-Québec's grid through a substation in the Montmagny area and operate under a 30-year power purchase agreement with Hydro-Québec. The project is expected to provide more than 250 construction jobs. For the 15 Show less Read more
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