TORONTO, July 10, 2012 /CNW/ - Fiera Axium Infrastructure Canada L.P. is pleased to announce that it
has completed the acquisition of a 100% equity interest in four
operational solar photovoltaic (PV) projects from EDF EN Canada Inc.
The projects sell power to the Ontario Power Authority pursuant to
20-year Power Purchase Agreements under the terms of the Ontario
government's Renewable Energy Standard Offer Program.
Located near Ottawa, Ontario, the portfolio comprises four operational
solar parks (Elmsley East, Elmsley West, St. Isidore A and St. Isidore
B) having aggregate generation capacity of 47.1 MW. The projects were
developed by EDF EN Canada Inc., a subsidiary of the EDF Group,
Europe's leading energy producer, and achieved commercial operations in
2010 and 2011.
enXco Service Canada Inc., a wholly-owned subsidiary of EDF EN, will
continue to provide operations and maintenance services to the projects
under long-term O&M agreements.
"This acquisition marks a significant milestone for our fund, as it
represents our first investment in solar power facilities. Consistent
with our goal of assembling a diversified portfolio of core
infrastructure assets, we are delighted to provide our investors with
access to solar generation facilities developed and operated by a
world-class firm in EDF EN," said Pierre Anctil, President and Chief
Executive Officer of Fiera Axium Infrastructure Inc., manager of Fiera
Axium Infrastructure Canada LP.
"We look forward to working in partnership with enXco Service Canada
Inc. to deliver clean and sustainable energy to the Province of
Ontario" added Juan Caceres, Vice President and Senior Investment
Director of Fiera Axium Infrastructure Inc.
About Fiera Axium Infrastructure Inc.
Fiera Axium Infrastructure Inc. is an independent portfolio management
firm dedicated to generating attractive, long-term investment returns
through investing in core infrastructure assets. The firm combines the
capabilities of a group of professionals with extensive infrastructure
development and management backgrounds, with the fund management
expertise of one of Canada's leading independent fund managers in Fiera
Capital Corporation (TSX: FSZ). Its management team comprises
infrastructure investment specialists with decades of combined
experience acquiring, developing, financing, operating and managing
infrastructure assets. Fiera Axium Infrastructure is jointly controlled
by Fiera Capital and Axium Infrastructure Management.
About Fiera Axium Infrastructure Canada L.P.
Managed by Fiera Axium Infrastructure Inc., Fiera Axium Infrastructure Canada L.P. ("Fund") is a closed-end
infrastructure fund which completed its final closing on February 18,
2011 with capital commitments totalling $460 million. The Fund is
focused on both operational and greenfield development opportunities
and seeks to invest in core transportation, energy and social
infrastructure assets across Canada. Focus is placed on assets that are
supported by robust market demand, under long-term contract with
creditworthy counterparties, within concession-based structures or
under a regulated framework. In addition to its investment in the 47 MW
solar PV portfolio, the Fund holds interests in: (i) the CHUM Research
Centre PPP project (initial phase of the Centre hospitalier de
l'Université de Montréal (CHUM) modernization project); (ii) the
Sea-to-Sky Highway Improvement PPP project servicing the
Vancouver-Whistler corridor; (iii) the Anthony Henday Drive Southeast
Leg Ring Road PPP project forming part of the ring road serving the
City of Edmonton; (iv) Intoll Toronto Roads Limited, an unlisted
company that holds a 30% interest in the 407 ETR toll highway located
in Toronto, Ontario; and (v) the 100MW Vents du Kempt Wind power
project to be constructed in the Gaspésie region of Quebec.
SOURCE Fiera Axium Infrastructure
For further information:
Vice President and Senior Investment Director
Fiera Axium Infrastructure Inc.
One Adelaide Street East, Suite 600, Toronto, ON M5C 2V9