Desjardins' pension fund to acquire 40.5 pct of Cypress Wind Project
Desjardins Group Pension Plan (DGPP) has agreed to acquire a portion of EDF Renewables Canada Inc's stake in the Cypress Wind Project for an undisclosed amount. The acquisition will take place upon completion of construction of the project, consisting of 48 turbines with a capacity of 201.6 megawatts and to be located southeast of Medicine Hat, Alberta. It is expected to be operational by 2021. DGPP will own 40.5 percent of the project, EDF Renewables Canada, 34.5 percent, and the Blood Tribe, advised by Indigena Capital, the remaining 25 percent. DGPP is the $12.9 billion pension plan of Canadian financial co-operative Desjardins Group.
19 June 2019•4 mins read
