Canada Pension Plan Investment Board’s decision to take a stake in a portfolio of clean-energy assets owned by Enbridge Inc. marks the largest deal yet for the pension fund’s recently formed Power and Renewables division.
Canada’s largest pension fund has already invested in three clean-energy projects in Brazil, India, and most recently by acquiring a portfolio of Canadian wind and solar assets from NextEra Energy Partners in April for C$751 million ($584 million).
Enbridge said May 9 it had reached an agreement to sell a 49 percent stake in several North American onshore renewable power assets in a new ...
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