North American Wind Power
Ontario Teachers’ Pension Plan has acquired all of the outstanding shares of BluEarth Renewables. The pension plan, through its Teachers’ Private Capital group, has been a lead investor in BluEarth since the developer was established in 2010. Terms of the transaction are not being disclosed. Closing is expected by the end of July.
Calgary-based BluEarth is a private independent renewable power producer focused on the acquisition, development, construction and operation of wind, hydro and solar projects. BluEarth’s portfolio currently includes interests in 18 projects across Canada totaling 174 MW, with a pipeline of earlier-stage development projects. BluEarth will continue to focus on growth through the acquisition and development of renewable energy projects in Canada and other markets globally.
The Ontario Teachers’ Pension Plan – with $154.5 billion in net assets – is the largest single-profession pension plan in Canada. It has earned a 10.2% annualized rate of return since its founding in 1990. Read article