Axium Infrastructure, Alberta Teachers’ Retirement Fund Board, and Manulife Financial Corporation, have acquired Samsung’s share for an undisclosed amount.
Pattern Energy Group and Capital Power Corporation have each retained their one-third interest in the asset.
Comprising 140 Siemens SWT-2.3-101 turbines, K2 was commissioned in May 2015. It operates under a 20-year power purchase agreement with the Independent Electricity System Operator.
"This transaction is consistent with Axium’s strategy to acquire meaningful equity positions in high-quality renewable energy projects alongside strong partners," said Axium vice president Juan Caceres.