Axium Infrastructure has purchased a 49% interest in a 396MW portfolio of renewables projects in Ontario in Canada.
Cordelio’s Denfield portfolio includes four wind farms and two solar facilities located in south western Ontario and the developer will continue to manage the Denfield assets for the newly formed partnership.
Cordelio chief financial officer Rob Roberti said: “We’re excited to partner and share best practices with Axium, a premier renewables owner-manager.
“Axium’s technical and other capabilities will complement our own as these important assets continue to support Ontario’s energy transition.”
Cordelio is a renewable power producer managing over 1000MW of renewable generation assets across North America.
As well as the Denfield portfolio they include 656MW (net) wind and solar portfolio stake owned by Canada Pension Plan Investment Board (CPP Investments).
Cordelio also owns (wholly and through a joint venture) a growth pipeline of 2500 MW of wind, solar and storage projects in the western and midwestern US.