BluEarth Renewables scores additional $81 million in equity financing
BluEarth Renewables Inc, a renewable power producer focused on acquiring, developing and operating wind, water, and solar projects, has secured more than $81 million in follow-on equity funding. Investors in the round included Canadian private equity firm ARC Financial Corp and the Ontario Teachers' Pension Plan, which have previously invested in the company, as well as management. The Calgary-based BluEarth, which has raised over $250 million in equity to finance its growth strategy, said it has a target of $1 billion of operating assets by 2017. Among its recent acquisitions, the company in August bought Good Light, the second of four planned solar power asset purchases from Canadian Solar Inc.
3 November 2014•3 mins read
