Transactions & Cases Detail



Transaction/Case Details

Samsung Renewable Energy completes sale of its equity interest in K2 Wind to the Axium Consortium

DATE CLOSED

August 5, 2016

BUSINESS SECTOR

Power

LEAD OFFICE

Toronto


OVERVIEW

On August 5, 2016, a consortium composed of Axium Infrastructure (Axium), Alberta Teachers' Retirement Fund Board (ATRF) and Manulife Financial Corporation (Manulife), completed the acquisition of Samsung Renewable Energy's one-third interest in the K2 Wind Facility (K2). The remaining two-thirds interest is held, in equal proportion, by Pattern Energy Group Inc. and Capital Power Corporation.

K2 is a 270 MW wind power facility located near Goderich, Ontario, which achieved commercial operation in May 2015. The wind facility is comprised of 140 Siemens SWT-2.3 101 wind turbines. The project operates under a 20-year power purchase agreement with the Independent Electricity System Operator (IESO).

McCarthy Tétrault LLP represented Samsung Renewable Energy Inc. with a team led by Seán O’Neill that included Kerri Lui, Diego Beltran, Suzanne Murphy, William McCullough, and Nigel Johnston.

Contact


 
For general information on McCarthy Tétrault Transactions & Cases, please contact [email protected].

Related Area of Expertise


Clean Technology
read /

Energy
read /

Power
read /