Axium Infrastructure acquires Fiera's 50 percent equity stake in Cedar Point II Wind Project

Company

Axium Infrastructure

Law Firm / Organization
Davies Ward Phillips & Vineberg LLP

Company

Fiera Infrastructure

Law Firm / Organization
DLA Piper LLP US

Axium Infrastructure, together with Nova Scotia Pension Services Corporation, has acquired a 50 percent equity interest in the 100 MW Cedar Point II Wind Project located in Ontario from Fiera Infrastructure Inc.

The power produced by the project is sold to the Independent Electricity System Operator (IESO) under a 20-year power purchase agreement under Ontario FIT Program.

CIBC Capital Markets acted as exclusive financial advisor to Fiera Infrastructure in connection with the transaction.

Davies acted for Axium.

Merger & Acquisition
Energy
Undisclosed/Confidential
Closed
18 June 2024