Cordelio Power Sells 49% Stake in Ontario Renewable Power Portfolio to Axium Infrastructure
- Cordelio Power (" Cordelio") as well as Axium Infrastructure (" Axium") are pleased to announce that Axium has actually purchased a 49% interest in Cordelio's Ontario eco-friendly portfolio.
The 396 MW "Denfield" portfolio consists of four wind projects as well as two solar projects located in southwestern Ontario. Cordelio will continue to take care of the Denfield assets for the freshly formed collaboration.
" We're excited to partner and also share ideal exercise with Axium, a premier renewables owner-manager," stated Rob Roberti, Cordelio's Chief Financial Officer. "Axium's technological and various other capabilities will match our very own as these vital properties remain to support Ontario's power change."
" We are extremely pleased to develop a collaboration with Cordelio," said Elio Gatto, Vice President and also Investment Director of Axium Infrastructure. "This transaction follows Axium's recurring strategy to obtain purposeful equity placements in top notch renewable resource projects together with solid companions."