Axium Infrastructure Invests in Wind Projects
Deal News | Nov 27, 2024 | Axium Infrastructure Inc
Axium Infrastructure has announced an agreement to acquire a 49% equity interest in two operational wind projects from Capital Power Corporation. The projects, totaling 246 MW, include the Quality Wind Project in British Columbia and the Port Dover and Nanticoke Wind Project in Ontario. Both projects are contracted to sell their power output under long-term agreements to BC Hydro and the Independent Electricity System Operator, ensuring stable revenue streams for Axium. This acquisition aligns with Axium's strategy to expand its portfolio in the renewable energy sector, leveraging long-term Power Purchase Agreements to secure consistent returns.
Sectors
- Renewable Energy
- Infrastructure Investment
Geography
- Canada – The acquisition involves wind projects located in Canada, specifically in British Columbia and Ontario.
Industry
- Renewable Energy – The article discusses the acquisition of equity in wind projects, which are part of the renewable energy sector.
- Infrastructure Investment – Axium Infrastructure is an investment firm specializing in infrastructure, maintaining a focus on acquiring projects that provide steady returns.
Financials
- 49% – The percentage of equity interest in the wind project portfolio being acquired by Axium Infrastructure.
- 246 MW – The total capacity of the two wind projects involved in the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Axium Infrastructure Inc. | Buyer | Company | A private equity firm specializing in infrastructure investments, focusing on renewable energy projects. |
| Capital Power Corporation | Seller | Company | An independent power producer that is selling a 49% interest in its wind project portfolio. |
| BC Hydro | Power Purchaser | Company | Public utility that manages power supply, purchasing electricity from the Quality Wind Project. |
| Independent Electricity System Operator (IESO) | Power Purchaser | Company | Operates Ontario's electricity market and grid, purchasing electricity from the Port Dover and Nanticoke Wind Project. |