Ontario · Receivership (court-appointed)
Notice to Creditors
Notice to creditors · 23 September 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing58 verified
- financial positionnote: Total assets figure as at June 30, 2025; total liabilities (Grand Total across all Debtors: 166,393,194 + 164,072,104 + 165,643,564 + 155,594,001 not summed by document; document states separate totals of $148,245,878 secured (all Debtors) plus $58,668,962 aggregate unsecured/statutory across the four Debtors, totaling $206,965,228 as stated). Realizable values may materially differ; Receiver has not audited, reviewed or verified accuracy of asset figures. · page: 2 · as at: 2025-06-30 · basis: Estimated book value based on unaudited consolidated books and records of the Borrowers; liabilities estimated as at September 23, 2025 based on Debtors' unaudited books and records · scope: Consolidated - Borrowers (Fund I and Fund II) for assets; all Debtors (Fund I, Fund II, Residential I, Residential II) for liabilities · currency: CAD · total assets: 175277003 · total liabilities: 206965228
- secured creditorsnote: Estimated amount owed as at September 23, 2025 per Debtors' unaudited books and records; same secured claim listed identically against each of Fund I, Fund II, Residential I and Residential II as the aggregate secured debt owed by all Debtors, not four separate debts · page: 6 · as of: 2025-09-23 · amount: 148245878 · debtor: All Debtors (GSC Solar Fund I LP, GSC Solar Fund II LP, GSC Solar Leasing LP, GSC Solar Leasing II LP and related GP entities) · creditor: Deutsche Bank Trust Company Americas (as Collateral Agent for the Lenders, Deutsche Bank AG, Canada Branch and The Bank of Nova Scotia) · currency: CAD · security: General security agreement dated March 19, 2018 granting security interest in substantially all assets and property of the Debtors, pursuant to credit agreement dated March 19, 2018 and related Loan Documents
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 1138157 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - GSC Solar Leasing II LP · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 896087 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - GreenLife Solar Projects Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 799651 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - GSC Southlake Solar LP · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 315882 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - SPN LP 3 · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 157469 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - Gengrowth Energy LP · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 151170 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - LDREC SPN LP · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 133048 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - 2428760 Ontario Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 92080 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - Cleave Energy Holdings Ltd. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 90158 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - Biidaaske Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 72256 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - Celeste Solar LP · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 63662 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - 2246253 Ontario Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 59752 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - SPN LP 4 · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 54046 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - SPN LP 1 · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 46429 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - GSC SPN 4 Projects LP · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 44008 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - SPN LP 14 · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 37096 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - HSSW LP · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 35532 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - Rising Sun Community Power Corp. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 27417 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - Chi Biidaaske Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 20173 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - SPN LP 10 · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 19203 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - Howard Avenue Solar Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 17650 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - 2421907 Ontario Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 16448 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - SPN LP 15 · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 963 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - Grasshopper Solar FIT Project · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 5401202 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - GSC Solar Fund II LP · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 4871366 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - GSC Solar Fund 1 Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 6 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 3586411 · debtor: GSC Solar Fund I LP · creditor: Related Party Payable - GSC Solar Leasing LP · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 180209 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - Celeste Solar LP · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 3237862 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - GSC Solar Fund 1 Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 971319 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - Grasshopper Solar Corporation · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 6683003 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - Cleave Energy Holdings Ltd. · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 3229284 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - GreenLife Solar Projects Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 315588 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - 2421907 Ontario Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 280938 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - SPN LP 15 · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 243000 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - Gengrowth Energy LP · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 234545 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - SPN LP 14 · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 231288 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - SPN LP 10 · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 139418 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - GSC Solar Leasing LP · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 78772 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - HSSW Property LP · currency: CAD
- unsecured creditorsnote: related party · page: 7 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 1000 · debtor: GSC Solar Fund II LP · creditor: Related Party Payable - GSC SPN 4 Projects LP · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 325000 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Payable - Madawaska Solar Project LP · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 135000 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Payable - GSC MPI Projects LP · currency: CAD
- unsecured creditorsnote: related party; unnamed counterparty · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 16571439 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Debt · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 228478 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Payable - LDREC SPN LP · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 16338 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Payable - 2245073 Ontario Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 9000 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Payable - Grasshopper Solar FIT Project · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 7234 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Payable - SPN LP 5 · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 5000 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Payable - 2428760 Ontario Inc. · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 2118 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Related Party Payable - ICM Realty Group Solar 2013 Inc. · currency: CAD
- unsecured creditorsnote: various unnamed homeowner creditors · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 46691 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Homeowner Lease Rental Payments · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 1404241 · debtor: GSC Solar Leasing II LP (Residential II) · creditor: Related Party Payable - Grasshopper Solar Corporation · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 28168 · debtor: GSC Solar Leasing II LP (Residential II) · creditor: Related Party Payable - GSC Solar Fund 1 Inc. · currency: CAD
- unsecured creditorsnote: related party; unnamed counterparty · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 5117578 · debtor: GSC Solar Leasing II LP (Residential II) · creditor: Related Party Debt · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 563174 · debtor: GSC Solar Leasing II LP (Residential II) · creditor: Related Party Payable - GSC Solar Leasing LP · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 232483 · debtor: GSC Solar Leasing II LP (Residential II) · creditor: Related Party Payable - GSC Solar Fund II LP · currency: CAD
- unsecured creditorsnote: related party · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 2479 · debtor: GSC Solar Leasing II LP (Residential II) · creditor: Related Party Payable - GSC Southlake Solar LP · currency: CAD
- unsecured creditorsnote: listed as 'Statutory' claim, likely deemed trust/statutory priority class · page: 8 · as of: 2025-09-23 · basis: Creditor listing prepared by Receiver based on Debtors' unaudited books and records · amount: 51388 · debtor: GSC Solar Leasing LP (Residential I) · creditor: Receiver General for Canada (Canada Revenue Agency) · currency: CAD