Ontario Teachers' to sell BluEarth Renewables to Dutch investor DIF
Ontario Teachers' Pension Plan has agreed to sell BluEarth Renewables LP, a Calgary-based builder, owner and operator of wind, hydro and solar facilities, to DIF, a Dutch infrastructure investment firm. No financial terms were released for the deal, which is expected to close later this year. Following the close, DIF will own 100 percent of BluEarth, the company said. Ontario Teachers' invested in BluEarth alongside Canadian energy private equity firm ARC Financial Corp when the business was established in 2010. Ontario Teachers' acquired ARC's interest in 2015. The year before, BluEarth said it had raised more than $250 million in equity from its investor base. BluEarth is led by President and CEO Grant Arnold.
15 May 2019•2 mins read
