Fiera Axium to buy an interest in Recurrent Energy's solar portfolio
Toronto-based Fiera Axium Infrastructure has agreed to acquire for an undisclosed amount an equity interest in the solar portfolio of Recurrent Energy, a solar project developer and generating company. The portfolio comprises ten solar projects located near Barrie and London, Ontario that will have generation capacity of 108 MWp by early 2014. Fiera will acquire a 50% equity interest in eight of the projects, with Metropolitan Life Insurance Co assuming the balance. Fiera will take a 100% interest in the remaining projects.
8 October 2013•3 mins read
