Published: 10 Dec 2020, 11:02
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Canada Pension Plan Investment Board (CPP Investments) has opened a new, UK-based renewable energy investment platform entitled Renewable Power Capital Limited (RPC).
The platform will target solar, battery storage and onshore wind investments among other technologies across the UK and Europe more broadly, and will be backed by CPP Investments multi-billion Power & Renewables investment strategy.
RPC brings together “long-term, flexible capital and a management team with a depth of expertise and sophisticated understanding of the European renewable energy market,” said Bruce Hogg, managing director, head of Power & Renewables at CPP Investments.
“The business is well-positioned to create value through enhancing routes to market, driving more efficient commercialization strategies and making improvements to assets’ capital structures as many European renewables markets transition towards a subsidy-free regime.”