A consortium comprised of Fiera Axium, Swiss Life Funds Global Infrastructure Opportunities, SICAV-SIF and John Hancock Life Insurance has acquired a minority ownership interest in a 1,100MW portfolio of eight operating wind farms located throughout the USA from EDP Renewables (EDPR).
The portfolio, which is well diversified across power markets and turbine technologies, consists of assets located in seven states and is fully contracted under long-term power purchase agreements with a weighted average life of over 16 years. EDPR will retain a majority of the cash equity interests in the portfolio and will continue to act as the manager of all of the assets.
