Canadian investors Axium Infrastructure, Alberta Teachers’ Retirement Fund Board and Manulife Financial have acquired Samsung’s 33.3% interest in the 270MW K2 wind farm in Ontario.
The facility near Goderich, with 140 Siemens SWT-2.3 101 turbines, started operating in May 2015 and benefits from a 20-year power purchase agreement, the group said without giving more details.
Pattern Energy Group and Capital Power hold the remaining two-thirds interest, in equal proportions.
“This transaction is consistent with Axium’s ongoing strategy to acquire meaningful equity positions in high-quality renewable energy projects alongside strong partners,” Axium Infrastructure’s senior investment director Juan Caceres said.
Manulife managing director for project finance and infrastructure Richard Lee said: “We are excited to be partnering with consortium members that share our long-term investment horizon for core infrastructure assets and to invest in this high quality asset.”
Image: Siemens
