Fiera Axium Infrastructure US L.P. announced on December 16th the financial closing of its acquisition of a 49% equity interest in the 97 MW Wheat Field Wind Farm located in Gilliam County, Oregon from EDP Renewables (EDPR).
The project uses 46 Suzlon S88 2.1 MW wind turbines, achieved its Commercial Operations Date (COD) in April 2009 and is fully contracted under a 20-year Power Purchase Agreement.
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) acted as Sole Lead Arranger and Administrative Agent in respect of the senior secured credit facilities used to fund a portion of the purchase price.
Stéphane Mailhot, President and Chief Operating Officer of Fiera Axium Infrastructure US Inc., manager of Fiera Axium Infrastructure US L.P., said:
"This transaction is part of an extremely successful year for our recently raised second infrastructure fund, one in which we raised an additional $300 million while deploying capital into five high quality infrastructure investments. We look forward to partnering with a world class firm in EDPR to ensure the continued success of the Project."