Fiera Infrastructure Debt Fuels Starlight's Alberta Solar Expansion
Event summary
- Fiera Infrastructure Private Debt provided additional development capital financing to Starlight.
- The financing will be used to advance Starlight's portfolio of solar projects in Alberta.
- Selkirk Advisory Group Inc. acted as arranger and loan agent for the transaction.
- Fiera Infrastructure Private Debt manages C$720 million (US$526 million) in assets under management as of December 31, 2025.
The big picture
This transaction underscores the growing demand for specialized private debt financing within the renewable energy sector, particularly for development-stage projects. Fiera's continued support of Starlight highlights its focus on the North American infrastructure market and its ability to structure tailored financing solutions. The deal also demonstrates the role of advisors like Selkirk in facilitating these complex transactions, particularly in the mid-market space.
What we're watching
- Project Execution
- The success of this financing hinges on Starlight's ability to efficiently develop and commission the Alberta solar projects, potentially facing permitting and grid-connection challenges.
- Capital Demand
- Continued demand for private debt financing within the renewable energy sector will be crucial for Fiera Infrastructure Private Debt to maintain its growth trajectory and deploy capital effectively.
- Partner Dynamics
- The ongoing relationship between Fiera, Starlight, and Selkirk will be key, as bespoke financing structures rely on strong collaboration and trust.
Related topics