SIF Amber (3.5) Projects LP and SIF Amber (3.5) Projects GP Inc., Alymer, Ontario-based, owners and operators of five solar installations, were placed into receivership on October 19, on application by Farm Credit Canada, owed approximately $3.5 million. Farm Credit Canada brought the receivership application after several extensions to a forbearance agreement expired and several attempts to implement a settlement agreement failed due to the companies’ inability to complete the transaction provided for in the agreement. Grant Thornton was appointed receiver and has commenced a SISP for the solar installations. Counsel is Gowlings for Farm Credit Canada and Paliare Roland for the companies.

By: Dina Milivojevic