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).