A renewable energy investment platform backed by Canada Pension Plan Investment Board is to acquire 171MW of wind projects in Finland from OX2.
The three projects are being purchased by Renewable Power Capital, as its first investment, in a deal valued at €245m.
OX2 is constructing the three wind farms under a tailored EPC contract and will, once commissioned, be responsible for the technical and commercial management of the wind farms.
Two of the wind farms, Puutikankangas in North Ostrobothnia and Rustari in South Ostrobothnia, in Finland, are ready-to-build.
All three wind farms will be commissioned in 2022.
Renewable Power Capital CEO Bob Psaradellis said: “We are pleased to announce this acquisition as our debut investment in one of our target markets, with a best-in-class partner.
CPPIB investing in U S real-estate developments, European wind farms
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ESR Kendall Square REIT s property portfolio
The Canada Pension Plan Investment Board (CPPIB) has emerged as the top shareholder in South Korea’s only listed logistics real estate investment trust (REIT), which made its trading debut last month.
Of CPPIB s 24.85% stake in ESR Kendall Square REIT Co., around two-thirds of its holding was converted from bonds last year, meaning the Canadian pension must hold them until Oct. 26 of this year under the one-year mandatory holding requirement. Its ownership is expected to provide downside protection to the share price of the REIT, managed by a Korean unit of ESR, Asia’s largest logistics real estate investor.
The Centre is considering a proposal to create a bank to help fund port, road and power projects as Prime Minister Narendra Modi’s administration aims to lift Asia’s third-largest economy out of the recession. The new entity, likely to be part of the Budget announcement in February, may have an equity capital of Rs 1 trillion ($13.7 billion), people with knowledge of the matter said, asking not to be identified as the matter isn’t public. The existing India Infrastructure Finance, which has a Rs 2,000 crore corpus, will be merged with the bank, they said. Initially, the institution will be funded by the government, which will later invite investors, the people said. It could be on the lines of state-run National Investment and Infrastructure Fund, which counts the Canada Pension Plan Investment Board, Asian Development Bank and Abu Dhabi Investment Authority among its investors.
By Reuters Staff
2 Min Read
(Reuters) - Private equity-owned Petco Health and Wellness Company Inc said on Monday it was aiming to raise as much as $816 million in it initial public offering (IPO), giving the U.S. pet retailer a valuation of nearly $4 billion.
Petco plans to price its offering of 48 million shares, which will be listed on Nasdaq under the ticker WOOF , between $14 to $17 each, the company said in a regulatory filing. bit.ly/3bfiYif
Founded in 1965, Petco operates more than 1,500 stores across the United States, Mexico and Puerto Rico and has more than 100 in-store veterinary hospitals.
The company was acquired by CVC Capital Partners and Canada Pension Plan Investment Board in 2016 for about $4.6 billion
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