Fiera Axium Infrastructure to acquire equity interest in 108 MWp solar PV portfolio from Recurrent Energy

Fiera Axium Infrastructure to acquire equity interest in 108 MWp solar PV 
portfolio from Recurrent Energy 
TORONTO, Oct. 8, 2013 /CNW/ - Fiera Axium Infrastructure Canada II L.P. is 
pleased to announce that it has entered into an agreement to acquire an equity 
interest in a portfolio of ground-mounted solar photovoltaic (PV) projects 
from Recurrent Energy, a leading North American solar project developer. 
The portfolio comprises ten solar projects which are located near Barrie and 
London, Ontario, that will have aggregate generation capacity of 108 MWp. The 
solar projects are being developed by Recurrent Energy under the Ontario 
government's Feed-in-Tariff (FIT) program, and will sell power to the Ontario 
Power Authority pursuant to 20-year Power Purchase Agreements. During their 
first year of operation, the projects are collectively expected to generate 
enough energy to power more than 12,800 homes in Ontario. 
Fiera Axium Infrastructure Canada II L.P. will acquire a 50% equity interest 
in eight of the projects (86 MWp), with Metropolitan Life Insurance Company 
(MetLife) acquiring the remaining 50% equity interest. Fiera Axium 
Infrastructure Canada II L.P. will acquire a 100% equity interest in the 
remaining two projects (22 MWp). 
The acquisition will be completed upon the projects achieving their respective 
commercial operation dates. 
All ten projects are currently under construction and are targeting commercial 
operation by early 2014. Construction of the projects will be partially 
financed through an institutional senior debt facility underwritten by Sun 
Life Assurance Company of Canada and National Bank Financial. 
About Fiera Axium Infrastructure Inc.
Fiera Axium Infrastructure Inc. is an independent portfolio management firm 
dedicated to generating, long-term investment returns through investing in 
core infrastructure assets. Fiera Axium manages two dedicated infrastructure 
funds having in excess of $800 million in assets under management. The firm 
combines the capabilities of a group of specialists with decades of combined 
experience acquiring, developing, financing, operating and managing 
infrastructure assets, with the fund management expertise of one of Canada's 
leading independent fund managers in Fiera Capital Corporation (TSX: FSZ). 
Fiera Axium Infrastructure is jointly controlled by Fiera Capital and Axium 
Infrastructure Management. 
About Fiera Axium Infrastructure Canada II L.P.
Managed by Fiera Axium Infrastructure Inc., Fiera Axium Infrastructure Canada 
II L.P. ("Fund") is an open-ended infrastructure fund focused on direct 
investment in both operational and greenfield development opportunities. The 
Fund seeks to invest in core energy, transportation and social infrastructure 
assets across Canada. Focus is placed on assets that are supported by robust 
market demand, under long-term contract with creditworthy counterparties, 
within concession-based structures or under a regulated framework. In 
addition to its equity commitment to the 108 MW Recurrent Energy solar 
photovoltaic portfolio, the Fund holds equity interests in: (i) the 235 MW 
Toba Montrose run-of-river hydroelectric facilities located on the East Toba 
River and Montrose Creek in British Columbia; (ii) the 144 MW Dokie wind power 
project located in Peace River, British Columbia; (iii) a 679 MW portfolio of 
renewable energy assets located across British Columbia, Ontario, Prince 
Edward Island and New Brunswick; (iv) a 42 MW portfolio of ground-mounted 
solar photovoltaic projects currently under construction in Northern Ontario; 
and (v) a 23,400m2 detention centre public-private partnership project located 
in Sorel-Tracy, Quebec.

SOURCE  Fiera Axium Infrastructure 
Juan Caceres 
Vice President and Senior Investment Director Fiera Axium Infrastructure Inc. 
One Adelaide Street East, Suite 600, Toronto, ON M5C 2V9 T: 416-955-4861 
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CO: Fiera Axium Infrastructure
ST: Ontario
-0- Oct/08/2013 13:00 GMT
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