ALVAREZ & MARSAL CANADA INC.

Access all Engagement updates and court filed materials for all active engagements in which either Alvarez and Marsal Canada Inc. or one of its affiliates is appointed in a court officer role.
Introduction

On September 23, 2025, pursuant to an Order of the Ontario Superior Court of Justice (Commercial List) (the “Receivership Order”), Alvarez & Marsal Canada Inc. has been appointed as receiver and manager (the “Receiver”), without security, of all of the assets, undertakings and properties of GSC Solar Fund I LP, GSC Solar Fund II LP, GSC Solar Fund I GP Inc., GSC Solar Fund II GP Inc., GSC Solar Leasing LP, GSC Solar Leasing GP Inc., GSC Solar Leasing II LP and GSC Solar Leasing II GP Inc. (the “Debtors”).

The Receivership Order grants protective relief to other entities affiliated with the Debtors’ (collectively with the Debtors, “Grasshopper”) corporate group, including: (i) a stay of proceedings; and (ii) a direction that those entities continue to perform their contractual obligations. The protective relief extends to the following entities:

Two-column aligned list
• 2245073 Ontario Inc.• HSSW Limited Partnership
• 2246253 Ontario Inc.• HSSW Property LP
• 2377512 Ontario Inc.• GSC FIT 4.2 LP
• 2410581 Ontario Limited• GSC FIT 4.2 GP Inc.
• 2421907 Ontario Limited• GreenLife Solar Projects Inc.
• 2428760 Ontario Inc.• GSC GreenLife Projects LP
• Biidaaske Inc.• GSC GreenLife Projects GP Inc.
• Celeste Solar LP• 2410089 Ontario Inc.
• CEW L3V Solar III Limited Partnership• 2416428 Ontario Inc.
• Chi Biidaaske Inc.• 2422500 Ontario Inc.
• Cleave Energy Holdings Ltd.• Celeste Solar GP Inc.
• Gengrowth Energy LP• GSC Gengrowth GP Inc.
• Grasshopper Solar FIT Projects Inc.• GSC Solar Leasing II GP Inc.
• GSC Southlake Solar LP• GSC Solar Leasing GP Inc.
• GSC SPN 4 Projects LP• GSC Southlake Solar GP Inc.
• Howard Avenue Solar Inc.• GSC SPN 4 Projects GP Inc.
• ICM Realty Group Solar 2013 Inc.• Marina Del Rey Solar Inc.
• LDREC SPN LP• McLevin Avenue Solar Inc.
• SPN LP 1• Solar Power Network 001 Inc.
• SPN LP 3• Solar Power Network 003 Inc.
• SPN LP 4• Solar Power Network 006 Inc.
• SPN LP 5• Solar Power Network 007 Inc.
• SPN LP 10• Solar Power Network 009 Inc.
• SPN LP 14• FIT Solar GP 1 Inc.
• SPN LP 15• HSSW Property GP Inc.
• Rising Sun Community Power Corp. 
Contact Us

Alvarez & Marsal Canada Inc.
200 Bay Street, Suite 2900
Royal Bank South Tower
Toronto ON M5J 2J1

Contact: Alvarez & Marsal Canada Inc.
Email: GSC@alvarezandmarsal.com
Phone: (416) 847-2715