Ontario Teachers'-owned BluEarth buys Veresen power assets

BluEarth Renewables LP has acquired four operating renewable energy facilities from Veresen Inc, a Calgary-based energy infrastructure company. No financial terms were released for the deal, which saw BlueEarth pick up three run-of-river hydro facilities in British Columbia and one wind facility in Ontario. The company, a Calgary-based renewable power producer, said the acquisition brings its portfolio to more than $1.7 billion of facilities in operation and construction. BlueEarth is majority-owned by Ontario Teachers’ Pension Plan. In 2015, Ontario Teachers’ bought the BlueEarth stakes held by ARC Financial Corp and other investors.

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