Axium Infrastructure completed the acquisition of a 49% stake in Constellation Renewables Partners from Manulife Investment Management for $285m.

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.