Travelers Capital announced it has successfully arranged $57 million of non-recourse project financing for a portfolio of four wind energy projects in Nova Scotia aggregating 24 MW. The projects were developed by juwi Wind Canada that sold its minority or majority control in each project to Firelight Infrastructure Partners prior to construction.

The projects consist of the following:

• Truro Heights Community Wind Project: located near the community of Truro, Nova Scotia the 4 MW Project is owned by Truro Heights Wind Limited Partnership, an equity partnership between the Eskasoni First Nation and Firelight Infrastructure Partners.
• Millbrook Community Wind Project: located near the community of Truro, Nova Scotia the 6 MW Project is owned by Millbrook Wind Limited Partnership, an equity partnership between the Millbrook First Nation and Firelight Infrastructure Partners.
• Chebucto Pockwock Community Wind Project: located in the community of Upper Hammonds Plains, Nova Scotia the 10 MW Project is owned by Pockwock Wind Limited Partnership, an equity partnership between the Chebucto Pockwock Lake Wind Field Limited, a Community Economic Development Investment Fund, and Firelight Infrastructure Partners.
• Whynotts Community Wind Project: located in the community of Whynotts Settlement, Nova Scotia the 4 MW Project is owned by Whynotts Wind Limited Partnership, an equity partnership between the Whynotts Mi’kmaq Wind Company and Firelight Infrastructure Partners.

The projects will sell 100% of their output to Nova Scotia Power, a wholly-owned subsidiary of Emera, under 20-year power purchase agreements.

The non-recourse project financing was structured and arranged by Travelers Capital Corporation, acting as loan agent and security agent, and was funded by Industrial Alliance Insurance and Financial Services.

Travelers Capital is a specialized financial services company that offers structured debt and project finance solutions along with financial advisory services to developers in the renewable energy sector with a focus on middle market transactions up to $100 million or more in size.