Fiera Axium Infrastructure acquires four solar PV projects from EDF EN Canada

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Fiera Axium Infrastructure acquires four solar PV projects from EDF EN Canada

Greentech Lead America: Fiera Axium Infrastructure, an
independent portfolio management firm, has purchased 100 percent equity
interest of four operational solar photovoltaic (PV) projects from EDF EN
Canada, a subsidiary of the EDF Group, a European energy producer.

The portfolio comprises four operational solar parks
having aggregate generation capacity of 47.1 MW. The projects were developed by
EDF EN Canada and achieved commercial operations in 2010 and 2011.

Fiera Axium Infrastructure has acquired Elmsley East,
Elmsley West, St. Isidore A and St. Isidore B solar plants from EDF EN Canada.

“This acquisition marks a significant milestone for
our fund, as it represents our first investment in solar power facilities.
Consistent with our goal of assembling a diversified portfolio of core
infrastructure assets, we are delighted to provide our investors with access to
solar generation facilities developed and operated by a world-class firm in EDF
EN,” said Pierre Anctil, president and chief executive officer of Fiera
Axium Infrastructure.

The projects sell power to the Ontario Power Authority
pursuant to 20-year Power Purchase Agreements under the terms of the Ontario
government’s Renewable Energy Standard Offer Program.

Under long-term O&M agreements, enXco
Service Canada, a wholly-owned subsidiary of EDF EN, will continue to
provide operations and maintenance services to the projects.

“We look forward to working in partnership with
enXco Service Canada Inc. to deliver clean and sustainable energy to the
Province of Ontario” added Juan Caceres, vice president and senior investment
director of Fiera Axium Infrastructure.

[email protected]

 

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