TransCanada to sell solar portfolio to Axium for $540 mln

Canadian energy company TransCanada Corp (TSX, NYSE: TRP) has agreed to sell its Ontario solar portfolio to Axium Infrastructure. Axium, a Canadian infrastructure investment firm, agreed to pay about $540 million for the portfolio, which consists of eight facilities with a total generating capacity of 76 megawatts. The deal is expected to close this year. In a separate release, Axium said the acquisition will increase its portfolio investments to 39 solar installations located across Canada and the United States.

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