Capital Power sells 49% interest in two Canadian wind facilities to Axium Infrastructure

Type: Sale · Technology: Onshore Wind · Country: Canada · Capacity: 246 MW · Value: $340M · Announced: 2024-11-28

Capital Power Corporation agreed to sell a 49% interest in a 246 MW portfolio (Quality Wind in British Columbia and Port Dover and Nanticoke Wind in Ontario) to Axium Infrastructure for total pre-tax cash proceeds of approximately US$340 million; Capital Power will continue to manage and operate the assets under a long-term asset management agreement.

Counterparties

• Axium Infrastructure (through one of its managed funds) (Buyer)
• Capital Power Corporation (Seller)

Source article

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