Fiera Axium acquires 47.1MW solar PV projects from EDF

Fiera Axium Infrastructure Canada has acquired 100% equity interest in EDF EN Canada’s four operational solar photovoltaic (PV) projects which cumulatively produce 47.1MW of clean energy in Canada.

The four solar projects namely Elmsley East, Elmsley West, St. Isidore A and St. Isidore B located near Ottawa, Ontario were developed by EDF EN Canada.

enXco Service Canada, a wholly owned subsidiary of EDF EN under a long term O&M agreement is providing operations and maintenance services for all the four solar PV projects.

Fiera Axium Infrastructure Canada manager president and chief executive officer Pierre Anctil said the acquisition marks a significant milestone for the company’s fund, as it represents its 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," Anctil added.

The 47.1MW of electricity produced from all the four solar parks has been sold to the Ontario Power Authority in accordance to a 20 year power purchase agreement under the terms of the Ontario government’s Renewable Energy Standard Offer Programme.

The farms achieved commercial operations in 2010 and 2011.

Canada based Fiera Axium Infrastructure is an independent portfolio management firm dedicated to generating attractive, long-term investment returns through investing in core infrastructure assets.

EDF EN Canada a part of EDF Energies Nouvelles Company is a renewable energy developer.