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Cordelio Sells 49 pct Stake in Ontario Renewable Power Portfolio (M&A)
Cordelio Power,Axium Infrastructure
Date: 2021-01-22
Toronto, Ontario-based Cordelio Power and Axium Infrastructure are reporting Axium's purchase of a 49 pct interest in Cordelio's 396 MW "Denfield" Ontario renewable energy portfolio of four wind projects and two solar projects in southwestern Ontario. Cordelio will continue to manage the Denfield assets.

Cordelio, which is wholly owned by CPP Investments, manages over 1,000 MW of renewable generation assets across North America, including 396 MW of wind and solar projects in Ontario plus a 656 MW (net) wind and solar portfolio stake owned by Canada Pension Plan Investment Board. The company's growth pipeline includes 2,500 MW of wind, solar and storage projects in the western and midwestern US.

Axium Infrastructure had $5.6 billion (Cdn) in assets under management as of September 30, 2020, as well as approximately $1.7 billion in co-investments. (Source: Cordelio Power, Website PR, Jan., 2021) Contact: Axium Infrastructure Inc., Anne-Sophie Roy, Senior VP Inv. Relations, 514-954-3781, asroy@axiuminfra.com, www.axiuminfra.com; Cordelio Power, 647-515-3337, 647-352-9533, info@cordeliopower.com, www.cordeliopower.com

More Low-Carbon Energy News Cordelio Power,  Wind,  Solar,  Renewable EnergyAxium Infrastructure ,  

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