Axium Infrastructure closes acquisition of 1,000 MW wind portfolio

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Axium Infrastructure closes acquisition of 1,000 MW wind portfolio

A consortium led by Axium Infrastructure Inc. (Axium) and composed of AxInfra US LP, John Hancock Life Insurance Company and Swiss Life Asset Managers have recently announced the financial close of the acquisition of an ownership interest in a portfolio of seven wind farms located throughout the United States from EDP Renewables (EDPR).

The transaction is the third acquisition by Axium and its investors in partnership with EDPR in the past two years. As a result, Axium and its investors now hold a 49% interest in 12 assets totaling 1.6 GW of installed capacity alongside EDPR. All of the assets are fully contracted under long-term power purchase agreements with a weighted average remaining life of 16 years.

In connection with the acquisition, Santander Bank N.A. and Prudential Capital Group provided credit facilities to support the acquisition financing.

Norton Rose Fulbright US LLP acted as legal advisor to Axium’s consortium and Latham & Watkins LLP acted as legal advisor to the lenders.

Paulo Arencibia, Vice President & Investment Director of Axium Infrastructure US Inc, said:

“This transaction further strengthens Axium US Wind’s portfolio, providing increased diversification across wind resource regions, power markets and turbine technologies. EDPR is a world class firm in the ownership and operation of renewable generation assets. We look forward to continuing to collaborate with them in the future”.

Thierry Vandal, President of Axium Infrastructure US Inc, commented:

“We are delighted to partner once again with EDPR and with consortium members that share our long-term investment vision for core infrastructure assets. As we pursue our growth in the US market, we continue to see great opportunity in the North American core infrastructure sector."

List of country news

Country news

  • February 01, 2016

    Montana-Dakota Utilities acquires 107.5 MW Thunder Spirit Wind from ALLETE Clean Energy

    Montana-Dakota Utilities, a division of MDU Resources Group Inc, has announced that it has completed the purchase of Thunder Wind Spirit of ALLETE clean energy. Read more
  • January 28, 2016

    ArcLight Capital Partners and Freepoint Commodities close acquisition of St. Croix Refinery Assets

    ArcLight Capital Partners and Freepoint Commodities have announced that Limetree Bay Terminals have closed the acquisition of St. Croix Refinery Assets from HOVENSA. Read more
  • January 27, 2016

    SunEdison and Greenlight Capital announce agreement for corporate governance initiatives

    SunEdison, Inc. and Greenlight Capital, Inc. today announced two mutually agreed upon corporate governance initiatives. Read more
  • January 26, 2016

    Onyx Renewable Partners and Corvias announce financing for military housing solar project

    Onyx Renewable Partners and Corvias Solutions announced in mid-December 2015 that as part of their strategic alliance announced in June, they will install solar installations to serve over 1,000 homes on two U.S. military bases in Maryland, Aberdeen Proving Ground and Fort George G. Meade. Read more
  • January 25, 2016

    ArcLight Capital Partners completes acquisition of Power Asset Portfolio from Tenaska

    ArcLight Capital Partners have announced the completion of Eastern Generation's acquisition of a Power Asset Portfolio from Tenaska Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.