The Canada Pension Plan Investment Board is acquiring a 49 per cent of the entity that holds Enbridge Inc.’s stake in Éolien Maritime France SAS, Enbridge’s partnership with EDF Renewables. The investment is set to support the development of three offshore wind farms in France. The CPPIB is paying €80 million for its stake, with a further €120 […]
When it comes to global infrastructure investments, Canadian pension funds are at the forefront. In fact, seven Canadian institutional investors made the list of the top 20 infrastructure investors worldwide, according to a report by Preqin Ltd. “Between them, these top institutions have invested a total of $106 billion in the infrastructure asset class through […]
The Ontario Teachers’ Pension Plan, alongside Morrison & Co. on behalf of the Utilities Trust of Australia, is acquiring the Infrastructure Fund’s ownership stake in the Sydney Desalination Plant. As a result of the transaction, Ontario Teachers’ ownership of SDP will increase to 60 per cent, while UTA’s interest, managed by Morrison & Co, will […]
The Caisse de dépôt et placement du Québec is investing a further US$75 million in Azure Power Global Ltd., an independent solar power developer in India. Once the deal is approved by Azure shareholders, the investment will raise the Caisse’s stake in the company, from 41.4 per cent to 49.4 per cent. In October 2018, […]
The Canada Pension Plan Investment Board has dramatically increased its investments in renewable energy companies, from $30 million in 2016 to $3 billion as of June 2019, according to its annual sustainable investing report. The substantial increase is part of the fund’s expanded climate change program. “We have a number of groups involved in efforts […]
The Canada Pension Plan Investment Board is acquiring renewable energy company Pattern Energy Group Inc. in an all-cash deal. The purchase of the San Francisco-based company is valued at $26.75 per share, which implies the company has a value of $6.1 billion, including all debt. The offer represents a 14.8 per cent premium to Pattern Energy’s closing share price […]
Rising with the growth of smartphones, lithium has been a hot material in the investment world for a few years. And many in the institutional investment space see exposure to lithium as a high-growth opportunity, according to Jay Jacobs, senior vice-president and head of research at Global X Funds. The metal has many uses in […]