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Cordelio Power Sells 49% Stake in Ontario Renewable Power Portfolio to Axium Infrastructure

12 Jan 2021

Cordelio Power ("Cordelio") and Axium Infrastructure ("Axium") are pleased to announce that Axium has purchased a 49% interest in Cordelio's Ontario renewable portfolio. The 396 MW "Denfield" portfolio includes four wind projects and two solar projects located in southwestern Ontario. Cordelio will continue to manage the Denfield assets for the newly formed partnership.

"We're excited to partner and share best practices with Axium, a premier renewables owner-manager," said Rob Roberti, Cordelio's Chief Financial Officer. "Axium's technical and other capabilities will complement our own as these important assets continue to support Ontario's energy transition."

"We are very pleased to establish a partnership with Cordelio," said Elio Gatto, Vice President and Investment Director of Axium Infrastructure. "This transaction is consistent with Axium's ongoing strategy to acquire meaningful equity positions in high-quality renewable energy projects alongside strong partners."

Cordelio Power | https://http://www.cordeliopower.com

Axium Infrastructure | http://www.axiuminfra.com