Case study: Supporting Mi’gmaq United Investment Network and Natural Forces reach financial close on the Neweg Energy Project
Technical advisor Wood Group used LiveDiligence to deliver valuable, real-time insights to their advisory clients, reducing time to close
Why LiveDiligence?
LiveDiligence was selected to streamline the due diligence and Q&A from Wood, the lender’s technical advisor.
The Wood Americas team offer LiveDiligence to deliver valuable, real-time insights to their advisory clients, reducing time to close.
The result
Natural Forces Vice President of Construction, Joe Purser:
“With LiveDiligence we avoided typical Q&A tracker frustrations and really cut down the number of emails. Wood shared the skeleton DD report upfront and published in chunks making progress clear and giving us more time to address risks.”
Deal details
Mi’gmaq United Investment Network and Natural Forces have reached financial close on the financing for the Neweg Energy Project in New Brunswick, financed by Stonebridge Financial Corporation and CIB Canada Infrastructure Bank.
The 6 turbine, 25.2 MW onshore wind project is Phase II of the Wocawson Energy Project and is expected to generate sufficient energy to power approximately 8,000 New Brunswick homes.
The Mi’gmaq United Investment Network (MUIN) was created by the Mi’gmag First Nations in New Brunswick as a profit-sharing entity to explore economic opportunities, investments, and partnerships that can produce results for the Mi’gmaq communities in New Brunswick and their members. Natural Forces is an independent power producer that develops, owns, and operates renewable energy projects across Canada, Ireland and France.