EDP Renewables has reached an agreement with Fiera Axium Infrastructure US L.P. (Fiera Axium) to sell a minority cash equity interest in a US wind portfolio with a total production capacity of 1,101MW.
Fiera Axium’s interest in the portfolio will represent 394.5MW and is the second asset rotation transaction announced by EDPR with Fiera Axium. The portfolio is comprised of 7 operating wind farms, installed between 2008 and 2011, and 2 wind farms currently under construction and expected to be commissioned in 2014. All of the wind farms have long-term offtake agreements in place.