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Transactions - JANUARY 24, 2023

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Copenhagen Infrastructure Partners makes its first investment in Canada

by Kali Persall

Copenhagen Infrastructure Partners (CIP) has sold the 465-megawatt (AC) Travers Solar project to a fund managed by Axium Infrastructure.

Travers is the largest non-hydro renewable-energy asset in Canada. The project, which represents CIP’s first investment in Canada, started construction in March 2021 and reached commercial operations in November 2022. Travers currently delivers clean energy to more than 100,000 households in Alberta.

“Travers has proved not only a valuable asset but also a significant driver in Canada’s transition to renewable energy,” said Tim Evans, partner and head of North America at CIP. “The sale of Travers is evidence of the value created by CIP during the development, financing and construction phases of this marquee renewable-energy asset. The consummation of this transaction advances CIP’s commitment to a sustainable future.”

CIP sold the project on behalf of the Copenhagen Infrastructure Fund IV for an undisclosed amoun

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