Announced
Completed
Financials
Tags
United States
wind and solar projects
Renewable Energy Equipment
Acquisition
Minority
Private
Private Equity
Friendly
Cross Border
Single Bidder
Completed
Synopsis
Axium Infrastructure, an independent portfolio management firm, completed the acquisition of a 49% stake in Constellation Renewables Partners, a 1415 MW diversified portfolio of twenty-four wind and four solar assets, from Manulife Investment Management, a wealth and asset manager, for $285m. “The transaction offers Axium the opportunity to invest in an operational portfolio of high quality, long-term contracted utility-scale wind and solar assets that benefit from an attractive and diverse geographic footprint, high-grade off-takers, and an experienced operating partner. As a result of this transaction our North American renewable power portfolio now totals fifty-one solar, fifty-eight wind and six hydro assets representing a total capacity of over 6,450 MW of renewable energy which contributes to the clean energy transition in North America,” Thierry Vandal, Axium Infrastructure President.
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