OTPP divests shareholding in BluEarth Renewables LP
Date
May 15, 2019
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Canada
Subsectors
Onshore Wind
Hydropower
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BluEarth Renewables LP has announced that Ontario Teachers' Pension Plan and DIF Infrastructure V have executed an agreement for the transfer of ownership of BluEarth Renewables.
Headquartered in Calgary, 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 net megawatts, with a pipeline of earlier stage development projects.
The transaction is subject to receipt of usual and customary regulatory approvals and consents. Closing is expected to take place in the course of 2019.
