TC Energy

TC Energy in the sale of its Ontario solar portfolio to Axium Infinity Solar LP for approximately $540 million

Client

TC Energy

Value

$540 million

Service

Mergers and Acquisitions

Date Closed

December 2017

Industry

Infrastructure

Lead Office

Calgary


On December 20, 2017, TC Energy ("TransCanada")  completed its previously announced agreement to sell its Ontario solar portfolio comprised of eight facilities with a total generating capacity of 76 megawatts to Axium Infinity Solar LP, a subsidiary of Axium Infrastructure Canada II Limited Partnership, for approximately $540 million.

This transaction will help fund TC Energy's $24 billion near-term capital program.

TC Energy is an energy infrastructure company engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities.

Axium Infrastructure Canada II Limited Partnership is an independent, Montreal-based investment firm that is focused on investing in core infrastructure assets.

Osler, Hoskin & Harcourt LLP represented TC Energy with a team consisting of Dan Kolibar (Corporate) and Jake Sadikman (Commercial), Adrian Hartog, Suzanne Herceg (Real Estate), Jennifer Fairfax (Environmental), Marissa Kirsh (Commercial), Peter Glossop and Shuli Rodal (Competition).


Team
Daniel Kolibar
Key Contact

Daniel Kolibar

Partner, Corporate

Jacob A.  Sadikman

Jacob A. Sadikman

Partner, Commercial

Adrian  Hartog

Adrian Hartog

Partner, Real Estate

Suzanne L.  Herceg

Suzanne L. Herceg

Law Clerk, Real Estate

Jennifer  Fairfax

Jennifer Fairfax

Partner, Litigation; Regulatory, Environmental, Aboriginal and Land

Marissa Kirsh

Marissa Kirsh

Associate, Construction Law

Peter Glossop - Foreign Investment Lawyer

Peter Glossop

Partner, Competition/Antitrust & Foreign Investment

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment