InstarAGF to acquire 50 pct stake in Creative Energy
InstarAGF Asset Management has agreed to acquire a 50 percent interest in Creative Energy, a Vancouver-based community energy solutions provider. No financial terms were disclosed for the deal, which will see InstarAGF partner with the company to develop, finance, renew and manage energy infrastructure in urban settings. Founded in 1968, Creative Energy owns and operates one of Canada's largest district energy networks in downtown Vancouver, and is developing similar systems for additional neighbourhoods in the Greater Vancouver Area and Toronto. InstarAGF invested through InstarAGF Essential Infrastructure Fund, which raised $740 million last year.
13 February 2018•5 mins read
