On January 24, 2023, Axium Infrastructure announced its acquisition of the Travers Solar Project from Copenhagen Infrastructure Partners (CIP). Located about 130 km south of Calgary (Alberta), Travers has a total capacity of 465 MWac/691 MWdc and is the largest non-hydro renewable energy asset in Canada. The project started construction in March 2021 and reached commercial operations in November 2022. As of January 2023, Travers delivers clean energy to more than 100,000 households in Alberta.
Davies Ward Phillips & Vineberg LLP acted as exclusive legal counsel to Axium with a team that included Anthony Spadaro, Nicholas Williams and Emily Uza (Corporate/M&A); Sarah Powell and Robyn Barabash (Environmental); Ioana Hancas (Real Estate); Marc André Gaudreau Duval (Tax); and Charles Tingley (Competition).
Norton Rose Fulbright LLP acted as legal counsel to CIP with a team that included KayLynn Litton, Katrijn Thys, David A. Eeles, Matthew Longstaff and Dion Legge.
CIBC Capital Markets acted as exclusive financial adviser to CIP on the sale and as joint book runner and mandated lead arranger on the project financing.