CC&L Infrastructure, Desjardins acquire Regional Power
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and affiliates of Desjardins Group have acquired Regional Power Inc, a Mississauga, Ontario-based developer and operator of hydroelectric power plants. No financial terms were disclosed. The seller was Manulife Financial Corp. Regional Power's Canadian assets include three run-of-river hydroelectric projects with an installed capacity of about 70 megawatts and a pipeline of wind and hydro generation opportunities. CC&L Infrastructure, an investor in mid-market infrastructure and infrastructure-like assets, is part of Canadian asset manager Connor, Clark & Lunn Financial Group Ltd.
21 March 2019•3 mins read
