Fiera Axium Infrastructure Canada LP, an independent portfolio management firm, has completed the acquisition of a 100% equity interest in four operational solar photovoltaic projects from EDF EN Canada Inc.
Located near Ottawa, Ontario, the portfolio comprises four operational solar parks – Elmsley East, Elmsley West, St. Isidore A and St. Isidore B – that have an aggregate generation capacity of 47.1 MW.
The projects deliver electricity to the Hydro One Networks Inc. distribution grid, and the power is sold to the Ontario Power Authority pursuant to a 20-year standard offer contract under the Renewable Energy Standard Offer Program.
The two St. Isidore projects are designed with thin-film PV modules from First Solar, and the two Elmsley projects feature polycrystalline PV modules from Suntech Power Holdings Co.
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 agreements.