Fiera Axium-led consortium acquires interest in EDP Renewables wind portfolio
A consortium led by Fiera Axium Infrastructure Inc. has acquired a minority ownership interest in a 1,100 megawatt portfolio of eight operating wind farms from EDP Renewables (EDPR).
The consortium was comprised of Swiss Life Funds (Lux) Global Infrastructure Opportunities S.C.A., SICAV-SIF and John Hancock Life Insurance Company.
The portfolio, which is well diversified across power markets and turbine technologies, consists of assets located in America over seven states and is fully contracted under long-term power purchase agreements with a weighted average life of over 16 years.
EDPR will retain a majority of the cash equity interests in the Portfolio and will continue to act as the manager of all of the assets.