TransCanada to sell 76MW PV portfolio in Ontario to Axium

Facebook
Twitter
LinkedIn
Reddit
Email
This financial transaction is expected to close by the end of 2017. Image: zak zak / Flickr

TransCanada Corporation has entered into an agreement to sell its PV portfolio of eight facilities in Ontario with a total generation capacity of 76MW to Axium Infinity Solar — a subsidiary of Axium Infrastructure Canada II Limited Partnership — for $540 million.

This financial transaction is expected to close by the end of 2017 — subject to certain regulatory and other approvals as well as customary closing adjustments.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Russ Girling, TransCanada's president and chief executive officer, said: “This transaction demonstrates our financial discipline as we continue to build on our vision of being North America's leading energy infrastructure company. The proceeds from this sale will help fund our $24 billion near term capital program while maximizing value for our shareholders.”

A large independent power producer, TransCanada currently owns or has interests in approximately 6,200MW of power generation in Canada and the United States.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA