💰Sovereign Wealth Fund
OTPP Backed BluEarth Amassing Wind Portfolio
Calgary-based BluEarth Renewables LP is majority owned by the Ontario Teachers’ Pension Plan Board (OTPP).
On February 6, 2018, BlueEarth revealed that its U.S. affiliate finalized the purchase of a majority interest in two operating wind facilities located in Meeker County, Minnesota totaling 39.6 MW.
BluEarth acquired an 80% interest in Adams Wind Generations, LLC (near Atwater, Minnesota) and Danielson Wind Farms, L.L.C.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/otpp-backed-bluearth-amassing-wind-portfolio/
CPPIB’s Lessons from Noble Environmental Power
Being too early to the party is never a good thing. The Canada Pension Plan Investment Board (CPPIB), through CPP Investment Board (USRE II) Inc., in 2008 jumped on board to invest in a major wind farm operator.
The pension acquired a reported 14% stake in Noble Environmental Power LLC (Nobel Power), an owner and operator of windparks and a majority, based out of Connecticut.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/cppibs-lessons-from-noble-environmental-power/