Consortium Acquires Interest in K2 Wind Facility
August 9, 2016
A consortium composed of Axium Infrastructure, Alberta Teachers’ Retirement Fund Board (ATRF) and Manulife Financial Corporation have 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 that began commercial operations in May 2015. The wind facility comprises 140 Siemens SWT-2.3 101 wind turbines and operates under a 20-year power purchase agreement with the Independent Electricity System Operator (IESO).
“The K2 wind facility is an excellent renewable energy asset that further enhances our infrastructure portfolio,” said Rakesh Saraf, Head of Private Investments of ATRF. We are pleased to be working in partnership with Axium and Manulife on this acquisition.”
