DIF Infrastructure V completes takeover of BluEarth Renewables

DIF Infrastructure V has completed the acquisition of the BluEarth Renewables LP from the Ontario Teacher's Pension Plan. 

The transaction was subject to receipt of usual and customary regulatory approvals and consents. DIF V now owns 100% of BluEarth.

BluEarth develops, builds, owns and operates wind, hydro and solar facilities across North America. Its renewable energy portfolio includes 333 MW net (405 MW gross) of nameplate capacity in operation and under construction and over 1,000 MW under development.

CIBC World Markets Inc. acted as financial advisor to Ontario Teachers' with respect to the transaction. BMO Capital Markets and Agentis Capital were financial advisors to the DIF.