Ontario Teachers Pension sells renewable energy company with current proposals for southeast Alberta
By Medicine Hat News on May 16, 2019.
The Ontario Teachers Pension Fund has sold a renewable energy development company that has two proposed projects in southeast Alberta. Bluearth Renewables announced Wednesday that the massive investment company would sell its founding, 100-per-cent stake to European infrastructure fund manager DIF. The terms were not disclosed. In Western Canada, Bluearth has proposals before Alberta regulators to build the 19-megawatt Yellow Lake Solar farm and 20-MW Burdett solar project, both in the County of Forty Mile. The company previously commissioned the Bull Creek wind farm, near Wainwright, which sells power in a block contract to participating Alberta school boards, including the Prairie Rose School Division. Its development portfolio shows projects totalling 1 gigawatt of renewable power capacity in Saskatchewan, Ontario, Wyoming and the U.S. mid-west. Dutch-based DIF has offices in Toronto. The particular fund, known as DIF V, raised 1.5 billion Euros in May 2018, and targets public-private partnerships, regulated assets and renewable energy projects in Europe, North America and Australia. 8-7
