high quality renewable energy projects.
renewable energy meets the growing demand across North America.
greener, brighter future.
Firelight Infrastructure Partners is a Canadian partnership that invests in North American renewable energy projects including wind, hydro and solar. Firelight partners with experienced developers to provide the capital necessary to develop, construct and operate high quality renewable energy projects.
With $335 million of committed capital, Firelight matches its financial strength and industry knowledge with the technical expertise of its partners. Working with experienced teams and proven technologies, Firelight is building a sustainable portfolio of renewable energy projects that make a positive contribution to stronger economies and a cleaner environment.
Investments made by Firelight have brought clean power to local communities in Prince Edward Island, Nova Scotia and Ontario.
RMSenergy Dalhousie Mountain
RMSenergy Dalhousie Mountain is a 51 MW wind farm in Pictou County, Nova Scotia. The development of Dalhousie Mountain took place during one of the most challenging economic environments of the last fifty years but the project was completed on time and on budget. On completion, Dalhousie Mountain was the largest operating wind farm in Nova Scotia and it was also the only project successfully completed in 2009.
A leading independent hydro developer, Xeneca focuses on small, run-of-river hydro facilities in Ontario. From concept to completion, Xeneca takes greenfield projects from site selection, through feasibility studies, design and construction to operation and maintenance. Xeneca was awarded 19 Feed-in Tariff contracts with the Ontario Power Authority and is in the process of finalizing permitting and construction for these projects.
Norfolk is a 10 MW ground-mount solar project located in Bloomsburg, Ontario. The facility was commissioned in the spring of 2013 and is wholly owned by Firelight.
Hwy 2 is a 10 MW ground-mount solar project located in Kingston, Ontario. The facility was commissioned in late 2013 and is wholly owned by Firelight.
Odessa is a 10 MW ground‐mount solar project located in Kingston, Ontario. The facility was commissioned in late 2013 and is wholly owned by Firelight.
Alfred is a 10 MW ground‐mount solar project located in Ottawa, Ontario. The facility was commissioned in late 2013 and is wholly owned by Firelight
Unity is a 10 MW ground‐mount solar project located in Ottawa, Ontario. The facility was commissioned in early 2014 and is wholly owned by Firelight.
Firelight Solar (Rooftop Portfolio)
Firelight Solar, a wholly owned subsidiary of Firelight Infrastructure Partners, is engaged in the financing and operation of rooftop solar projects in Ontario. Its goal is to be the premier financing and off-take solution for solar developers and property owners. Firelight Solar currently has an operating and development portfolio of over 100 rooftops representing over 25 MW of solar projects.
Amherst Wind Power
Amherst Wind Power is a 31.5 MW wind farm located outside of Amherst, Nova Scotia. A joint venture between Firelight and Sprott Power Corp., the project began construction in May 2011 and reached commercial operation in the spring of 2012. The project, featuring Suzlon S97-2.1 MW wind turbines, generates enough electricity to power approximately 10,000 homes.
Rutley is a 10 MW ground-mount solar project located in Ingleside, Ontario. The facility uses solar tracking equipment to increase the amount of sunlight striking the surface of the panels and generate more clean electricity for the Ontario grid. The facility was commissioned in the spring of 2012 and is wholly owned by Firelight.
Nova Scotia COMFIT
Firelight’s Community Feed-in-Tariff (“COMFIT”) portfolio consists of four project sites in Nova Scotia comprising a total of 24 MW of wind power. Each project is a joint venture between Firelight and local community groups. The portfolio is expected to be commissioned in the fall of 2014.
Sandhurst is a 10 MW ground-mount solar project located in Greater Napanee, Ontario. The facility uses solar tracking equipment to increase the amount of sunlight striking the surface of the panels and generate more clean electricity for the Ontario grid. The facility was commissioned in the spring of 2012 and is wholly owned by Firelight.
Erie Ridge is an 8.5 MW ground-mount solar project located in the municipality of Chatham-Kent, Ontario. The facility uses solar tracking equipment to increase the amount of sunlight striking the surface of the panels and generate more clean electricity for the Ontario grid. The facility was commissioned in the summer of 2011 and Firelight holds a 50% interest in the project.
With more than 20 years of energy finance experience, Michael has participated in over $2.7 billion in energy projects and power plant financings. He has a wide-ranging knowledge of project development, equity and debt financing, as well as project construction and operation.
Throughout his career, Michael has been particularly focused on renewable energy and has financed over $2.0 billion in this sector, representing a generating capacity in excess of 1,100 MW.
As the managing executive of the 99 MW Erie Shores wind farm and asset manager of Firelight's 51 MW RMSenergy Dalhousie Mountain wind farm, Michael gained first-hand knowledge of virtually every phase of renewable energy project development.
Prior to joining Firelight, Michael spent 9 years with two of Canada's largest life insurance companies and 12 years as Vice-President with a premier Canadian project finance group, furthering his expertise in credit analysis and project finance.
Michael holds a CFA designation and graduated from
the ACS Financial Studies program at the University of Western Ontario.
With a background in accounting and finance, Datesh brings an array of experience in project acquisition and portfolio management.
Prior to joining Firelight, Datesh was with PricewaterhouseCoopers where his clients included some of Canada’s largest hedge funds and private equity firms. Datesh holds a Chartered Accountant designation from the Canadian Institute of Chartered Accountants and an Honours Bachelor of Administrative Studies from York University.
With a background in project finance and development, Mikhail provides a unique blend of deep understanding of project economics as well as the front end development process.
Before joining Firelight, Mikhail was part of Greta Energy, where he was involved in all of the aspects of capital raising efforts for the company’s renewable energy assets in Europe, and later joined Northland Power Inc. where he has partaken in over $300 million worth of financings and was an integral part of the international corporate development team with experience in transactions in the US, Europe and Latin America across the various power sources.
Mikhail holds an undergraduate degree in Business Administration and a Masters in Business Administration from Rockhurst University (Kansas City, MO).
Driven by concerns around climate change and dependence on fossil fuels, Firelight Infrastructure Partners recognizes that there is an increasing demand for clean, reliable and sustainable energy.
However, while demand is growing, moving renewable energy projects forward remains a challenging process. A significant up-front investment is required for development and construction, and Firelight knows how difficult it can be for even well-established project developers to secure capital.
Firelight matches its strong capital position and proven investment capabilities with project developers who have vision, experience and technical expertise, but lack the capital required to bring their projects to fruition.
Firelight looks for the following when evaluating potential partners and investment opportunities:
- Quality development teams who have strong project management skills, a thorough understanding of permitting and approvals, and demonstrated
- Proven technologies
- A short development timeframe and a clear line of sight to commercial operation
- Strict environmental compliance
- Energy sources: Firelight's primary investments have been in wind, run-of-river hydro and solar. It has a thorough understanding of these sources and is focused on these sectors – although it is open to considering other sources of renewable energy.
- Projects that deliver positive change to communities they serve, including job creation, an increased tax base or attributes such as economic benefits to local land owners and area businesses.
State Street Financial Centre
30 Adelaide Street East, Suite 1600