Last October 28, La Granaudière announced that it has obtained more than $50M in financing from Ressources Québec, Investissement Québec and the Caisse Desjardins du Nord de Lanaudière.
A team from Lavery represented the three lenders involved in the transaction and with respect to the relations between the various stakeholders in order to successfully complete this project, which will be a showcase for the renewable energy industry in Québec.
This financing will enable La Granaudière, a plant producing wood pellets from forest biomass, to complete the construction of its plant by the summer of 2020 and to start producing wood pellets and exporting them to Europe by the end of 2020.
The plant will produce nearly 200,000 tonnes of pellets annually, and should create about 180 direct and indirect jobs, including roughly 50 at the production plant in Saint-Michel-des-Saints.
This mandate was successfully completed thanks to the extensive expertise of the Lavery team composed mainly by Étienne Brassard, Ali El Haskouri, Katerina Kostopoulos et Bernard Trang.