Macquarie Sells Off Solar Assets to Canada’s Fiera Infrastructure

World | Solar Energy

Photo-illustration: Pixabay

Australian bank Macquarie has sold a 41MW bundle of solar assets to Canada’s Fiera Infrastructure, a subsidiary of investment giant Fiera Capital Corporation, for an undisclosed sum.

The deal, announced yesterday, sees Macquarie hand over a set solar assets which includes 13,000 residential rooftop arrays alongside commercial rooftop and ground-mounted arrays.

Over the last year the residential portfolio alone has generated 33GWh of renewable electricity and avoided 11,500 tonnes of carbon emissions, Macquarie said.

Many of the installations are backed by the UK government’s Feed-in Tariff, which guarantees returns on energy generated for 20 years.

Alina Osorio, president at Fiera Infrastructure, said the deal “enhances and diversifies” the firm’s portfolio, which already includes stakes in solar and wind projects across the US.

“As a leader in the alternative investment industry, Fiera Infrastructure is always looking to offer its clients the best investment opportunities and the infrastructure asset class is a segment which offers superior growth potential,” Osorio added.