Axium Infrastructure has agreed to acquire a 49 percent interest in two operating Canadian wind facilities from Capital Power Corporation in a deal valued at approximately $340 million.

The 246 MW portfolio includes the Quality Wind facility in British Columbia and the Port Dover and Nanticoke Wind facility in Ontario. 

The transaction is expected to close by year-end 2024, subject to customary closing conditions.

Davies Ward Phillips & Vineberg LLP acted as legal counsel to Axium with a team that included Anthony Spadaro, Nicholas Williams and Jamieson King (Power/Corporate M&A, Financing); Sarah Powell and Robyn Barabash (Environmental/Indigenous); Marc André Gaudreau-Duval and Xavier Plomteaux (Tax); Charles Tingley (Competition); and Ioana Hancas (Real Estate).

Dentons Canada LLP acted as legal counsel to Capital Power, with a team led by Vivek Bakshi and Jamie Thomas and included Kurtis Parcells, Jesse Standing, Esme Cragg, Wilfred Chan, Brian Kearl, Paige Donnelly and Sandy Walker. CIBC Capital Markets served as the financial advisor.