On Tuesday, Copenhagen Infrastructure Partners (CIP) announced that it has offloaded its 100% stake in the 456-MW/691-MW DC Travers solar park in Canada to a fund managed by Montreal-based Axium Infrastructure.
The transaction, the value of which was not disclosed, was completed earlier this week after receiving all needed regulatory permits.
Located around 130 km south of Calgary, Alberta, the photovoltaic (PV) park is currently the largest non-hydro renewable power site in Canada. About 1.3 million monocrystalline bifacial PV panels by Jinko Solar Canada are powering the complex. It was brought online in November 2022 and can generate enough electricity to supply more than 100,000 local homes.
US e-commerce giant Amazon.com Inc signed a corporate power purchase agreement (PPA) in 2021 to offtake up to 400 MW of the solar farm’s output.
Calgary-based developer Greengate Power Corporation originated the Travers Solar project. Danish fund manager CIP entered the project in early 2020 through a commitment to provide funding for the plant’s development, construction and operation. Construction works were initiated a year later.