Osaka Gas Co., Ltd., has sold its indirect 50% equity ownership of the Aurora Solar portfolio to Axium Infrastructure, an independent portfolio management firm that invests in core infrastructure assets. The 74MW, nine-project solar portfolio has operating facilities located in Ontario, Canada.
CohnReznick Capital was the exclusive financial advisor to Osaka Gas.
“This transaction marks our second successful closing with Osaka Gas in 2020,” said Frank Palladino, Managing Director of CohnReznick Capital. “We’re excited to continue to serve as financial advisor to Osaka Gas as it executes its North America renewable energy strategy.”
For additional details on this transaction, please contact:
About Osaka Gas Co., Ltd.
Osaka Gas is part of the Daigas Group and commits to expand its energy business in North America. As a part of its business fields, Osaka Gas keeps focusing on fostering a low-carbon society through the development and operation of renewable energy projects and the expansion of its footprint in the U.S. renewable energy space.