Axium Infrastructure Secures Stake in Wind Projects

Deal News | Dec 23, 2024 | Axium Infrastructure Inc

Axium Infrastructure Inc., alongside Nova Scotia Pension Services Corporation, has successfully acquired a 49% equity interest in two operational wind projects from Capital Power Corporation. The portfolio includes the Quality Wind Project in British Columbia, producing 142 MW, and the Port Dover and Nanticoke Wind Project in Ontario, generating 104 MW. Both projects benefit from long-term power purchase agreements, selling all generated electricity to BC Hydro and the Independent Electricity System Operator. This acquisition underscores Axium's commitment to expanding its renewable energy portfolio.

Sectors

  • Renewable Energy
  • Infrastructure Investment

Geography

  • Canada – The wind projects and the companies involved, including Axium Infrastructure and Capital Power Corporation, are based in Canada.

Industry

  • Renewable Energy – The article discusses the acquisition of wind energy projects, directly placing it under the Renewable Energy industry.
  • Infrastructure Investment – Axium Infrastructure's acquisition reflects investment activities in infrastructure, specifically in renewable energy.

Financials

  • 49% – The equity interest percentage acquired by Axium Infrastructure and Nova Scotia Pension in the wind projects.
  • 246 MW – The total energy capacity of the two wind projects acquired.

Participants

NameRoleTypeDescription
Axium Infrastructure Inc.Bidding CompanyCompanyA private equity firm focused on investment in infrastructure, particularly renewable energy projects.
Nova Scotia Pension Services CorporationOther CompanyCompanyA pension fund collaborating with Axium Infrastructure in acquiring the wind project stakes.
Capital Power CorporationSelling CompanyCompanyOriginally held the equity interest in the wind projects sold to Axium Infrastructure and NS Pension.
BC HydroCommercial - Power PurchaserCompanyPurchaser of the power produced by the Quality Wind Project under a long-term agreement.
Independent Electricity System Operator (IESO)Commercial - Power PurchaserCompanyPurchaser of the power produced by the Port Dover and Nanticoke Wind Project under a long-term agreement.