AIMCo to supply up to $500 mln for renewable energy asset buys
D. E. Shaw Renewable Investments (DESRI) has agreed to a strategic financing partnership with Alberta Investment Management Corp (AIMCo). Under the partnership, AIMCo will provide up to US$500 million to support the acquisition of long-term contracted renewable energy assets by DESRI. DESRI, an affiliate of New York-based investment and technology development firm D. E. Shaw Group, has a portfolio of North American projects with about 1,000 megawatts of capacity. Edmonton-based AIMCo manages $90 billion of pension plan and other fund assets.
10 March 2016•3 mins read
