National Bank of Canada is the sole lender for the C$30m ($27.4m) transaction.

The projects located in the Nova Scotia communities include New Glasgow (6.4MW), Barrington (3.2MW) and Wedgeport (1.8MW).

They have 20-year power purchase agreements with Nova Scotia Power under the Community Feed In Tariff (COMFIT) program.

Elemental Energy, whose partners are Katalyst Wind and Watts Wind Energy, is providing sponsor equity to construct and operate the projects.

The