Capital Power announces renewable power asset sell-down transaction

EDMONTON, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) ("Capital Power") and Axium Infrastructure (“Axium”) are pleased to announce that Axium, through one of its managed funds, has agreed to acquire a 49% interest in two operating Canadian wind facilities from Capital Power. The 246 MW portfolio includes the Quality Wind facility in British Columbia and the Port Dover and Nanticoke Wind facility in Ontario. Total pre-tax cash proceeds to Capital Power from the transaction are expected to be approximately $340 million, inclusive of working capital.

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