wind energy – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 04 Nov 2024 20:00:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 AIMCo backing offshore wind energy acquisition, Caisse investing in data centre project expansion https://www.benefitscanada.com/news/cir-news-news/aimco-backing-offshore-wind-energy-acquisition-caisse-investing-in-data-centre-project-expansion/ Fri, 26 Jul 2024 16:00:02 +0000 https://www.benefitscanada.com/?p=158380 The Alberta Investment Management Corp. is backing an acquisition deal that will see Singapore-based Cyan Renewables buy Australian offshore marine services provider MMA Offshore Ltd. in a deal worth U.S.$714 million. According to a press release, the AIMCo participated in the acquisition through its investment in Cyan. MMA shareholders stand to obtain a 31 per […]

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]]> Feds seeking to boost domestic investments by Canadian institutional investors: budget https://www.benefitscanada.com/news/cir-news-news/feds-seeking-to-boost-domestic-investments-by-canadian-institutional-investors-budget/ Wed, 17 Apr 2024 13:00:53 +0000 https://www.benefitscanada.com/?p=154356 In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former Bank of Canada governor Stephen Poloz is being tasked to lead an organization that will identify priority investment opportunities in the country for the more than $3 trillion held by […]

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]]> CPPIB expands role of global offshore wind platform https://www.benefitscanada.com/canadian-investment-review/alts/cppib-expands-role-of-global-offshore-wind-platform/ Mon, 15 Apr 2024 19:00:16 +0000 https://www.benefitscanada.com/?p=154223 The Canada Pension Plan Investment Board is expanding the role of its wholly owned subsidiary Reventus Power as its dedicated global offshore wind platform. The investment organization will consolidate its existing direct and indirect offshore wind holdings into Reventus Power to build on the business’ existing global footprint and support the sector’s significant growth opportunities. To […]

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]]> IMCO, PSP Investments acquiring German renewable energy company https://www.benefitscanada.com/canadian-investment-review/alts/imco-psp-investments-acquiring-german-renewable-energy-company/ Thu, 17 Aug 2023 15:00:01 +0000 https://www.benefitscanada.com/?p=142234 A group that includes the Investment Management Corp. of Ontario, the Public Sector Pension Investment Board and private investment firm Sandbrook Capital is acquiring a German renewable energy company that specializes in acquiring and repowering onshore wind farms. As part of the transaction, the IMCO, PSP Investments and Sandbrook will commit up to US$750 million […]

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]]> 2023 GIC coverage: Key stakeholders urged to consider energy ROI, productivity in the sprint towards decarbonization https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-gic-coverage-investors-urged-to-consider-energy-roi-productivity-in-the-sprint-towards-decarbonization/ Tue, 06 Jun 2023 11:47:23 +0000 https://www.benefitscanada.com/?p=137653 When key stakeholders are examining sustainability solutions, they aren’t spending enough time on whether these solutions are actually capital efficient from energy return on investment and productivity perspectives, said Patrick Kent, portfolio manager and head of the small-cap equities team at Newton Investment Management Group, during the Canadian Investment Review‘s 2023 Global Investment Conference. The […]

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]]> CPPIB-backed green energy service provider launching in Brazil https://www.benefitscanada.com/news/cir-news-news/cppib-backed-green-energy-service-provider-launches-in-brazil/ Tue, 28 Mar 2023 16:30:03 +0000 https://www.benefitscanada.com/?p=135723 The Canada Pension Plan Investment Board is entering a joint venture focused on providing services to support Brazil’s transition away from fossil fuel reliance. Alongside Votorantim Group, the CPPIB is launching Floen, which will support the scaling of innovative technologies and business models with the potential to accelerate the energy transition, according to a press […]

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]]> PSP, CPPIB backing offshore wind companies https://www.benefitscanada.com/canadian-investment-review/alts/psp-cppib-backing-offshore-wind-companies/ Tue, 13 Dec 2022 17:00:14 +0000 https://www.benefitscanada.com/?p=131206 The Public Sector Pension Investment Board is investing in a Norwegian offshore wind service company. The investment organization and asset management firm Sandbrook Capital Management are injecting US$250 million into Havfram. The funding will be used to cover a portion of the costs of building a fleet of vessels capable of installing 300 metre wind […]

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]]> Caisse reinvesting in Indian power company, Ontario Teachers’ investing in New Zealand telecom towers https://www.benefitscanada.com/canadian-investment-review/alts/caisse-reinvesting-in-indian-power-company-ontario-teachers-investing-in-new-zealand-telecom-towers/ Thu, 14 Jul 2022 16:00:13 +0000 https://www.benefitscanada.com/?p=124272 The Caisse de dépôt et placement du Québec is increasing its stake in an Indian power company. In an agreement reached with CLP Power India Private Ltd., the organization will increase its stake in Apraava Energy Ltd. by 10 per cent for a full 50 per cent investment in the building. Founded in 2002, the […]

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]]> Ontario Teachers investing in offshore wind generation, Caisse in Indian infrastructure https://www.benefitscanada.com/news/cir-news-news/ontario-teachers-investing-in-offshore-wind-generation-caisse-in-indian-infrastructure/ Thu, 12 May 2022 16:00:42 +0000 https://www.benefitscanada.com/?p=121366 The Ontario Teachers’ Pension Plan is entering a joint venture to develop offshore wind projects. In a deal reached with Corio Generation Ltd., the Ontario Teachers’ will receive a 50 per cent stake in the joint venture in exchange for a US$1 billion investment. The funds will be used to develop 14 fixed bottom and floating […]

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]]> U.K. institutional investors turning to renewables for portfolio diversification: survey https://www.benefitscanada.com/canadian-investment-review/strategies/u-k-institutional-investors-turning-to-renewables-for-portfolio-diversification-survey/ Tue, 26 Apr 2022 13:00:49 +0000 https://www.benefitscanada.com/?p=119869 The overwhelming majority (92 per cent) of British institutional investors and wealth managers are planning to increase their allocations to renewable energy in order to diversify their portfolios, according to a survey by London-based asset manager Downing LLP. The survey, which polled 100 professional investors including pension plan sponsors, institutional investors and asset managers, found […]

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