26 www.lexpert.ca
Canadian Law Awards
novel project finance issues, using a dual
general partner structure within a limited
partnership, and Chiniki and Goodstoney
consortium matters. Land issues became
complicated because the project was built
on a former industrial site. Multiple novel
approaches to governance were adopted
to ensure Stoney Nation priorities and val-
ues, as well as ATCO/industry goals, are
achieved through legal entity structuring.
Among the Excellence Awardees in the
infrastructure category are Torys, McCarthy
Tétrault, Borden Ladner Gervais LLP, Davies
Ward Phillips & Vineberg LLP, and Fogler
Rubinoff LLP, for the law firms' involvement
in the Oneida Energy Storage Project, an
advanced-stage, stand-alone lithium-ion bat-
tery storage project in Haldimand County
that represents one of the largest clean energy
storage projects in the world. Valued at $800
million, the deal is expected to double the
energy storage resources on Ontario's clean
electricity grid once the project is completed
in 2025.
A partnership of NRStor, Six Nations
of the Grand River Development Corpo-
ration, Northland Power and Aecon owns
the project. Canada Infrastructure Bank
provided financing for the project.
Torys advised Oneida with a team led by
Krista Hill and Milosz Zemanek. McCar-
thy Tétrault acted for Canada Infrastructure
Bank with a team led by Stephen Furlan,
Lynn Parsons, and Liezl Behm. Davies, led by
partner William Buchner, acted for Aecon.
e final Excellence Awardee in this
category is Umicore's investment in
Ontario to build a first-of-its-kind net-
zero EV battery materials manufacturing
plant in Loyalist Township, Ontario, that
will be 100 percent fuelled by renewable
energ y. Davies represented Umicore with a
team led by partner Elise Beauregard.
Umicore plans to invest $2.1 billion (of
which $1.8 billion is capital expenditures),
while the Canadian government is offering
up to $551 million as part of the federal
Strategic Innovation Fund, and the Ontario
government is investing up to $424 million.
Canada Infrastructure Bank's $52 million investment in the Thompson Regional Airport
redevelopment project
McCarthy Tétrault LLP (for Canada Infrastructure Bank)
MLT Aikins LLP (for Thompson Regional Airport Authority)
Chiniki and Goodstoney First Nations' energy infrastructure equity partnership
with ATCO
Bennett Jones LLP (for ATCO)
Oneida Energy Storage Project
Borden Ladner Gervais LLP (for Northland Power)
Davies Ward Phillips & Vineberg LLP (for Aecon Construction Group)
Fogler Rubinoff LLP (for Six Nations)
McCarthy Tétrault LLP (for Canada Infrastructure Bank)
Torys LLP (for Oneida)
Umicore's investment in Ontario, building an EV battery components factory
Davies Ward Phillips & Vineberg LLP (lead; for Umicore)
CANADIAN LAW FIRM INVOLVEMENT (CLIENT)
