Axium Infrastructure announced that it has acquired a 100% equity interest in an 84MW solar portfolio from Renewable Energy Trust Capital.
Combined, the portfolio is comprised of eight solar PV projects — two in California, three in Georgia and three in Ontario.
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All eight installations reached commercial operations between 2012 and 2015, and each utilizes tier-one solar PV modules and inverters. Each plant operates under a long-term, fixed-price contract with an investment grade utility.
Thierry Vandal, president of Axium Infrastructure US, said: “With this acquisition, Axium has now invested in approximately 300 MW of solar generation across North America and close to US$800 million of capital out of its second, open-ended infrastructure fund. We believe this transaction is an important catalyst to the continued growth of our funds for the benefit of our investors.”
Juan Caceres, vice president and senior investment director of Axium Infrastructure, added: “With this acquisition, we are adding three new assets to an already significant portfolio of solar projects in Canada, strengthening our position as a leader in Canadian renewable energy production.”