Canadian investors take 80% stake in large Alberta wind farm
Canadian investors take 80% stake in large Alberta wind farm | Windpower Monthly
Canadian investment firm Connor, Clark & Lunn Infrastructure has agreed to acquire an 80% stake in EDPR Canada’s 297MW Sharp Hills wind farm in south-east Alberta.
The estimated enterprise value of the transaction for the 80% stake is about C$600 million (US$444 million), an EDPR spokesman said.
The wind farm recently entered into operations, and is expected to reach full generation capacity by April.
Matt O’Brien, president of CC&L Infrastructure, said: “The Sharp Hills wind farm is an attractive addition to our increasingly diverse portfolio of infrastructure assets. We look forward to working further with our partner, EDPR, in the safe and successful operation of this facility for years to come”.
The acquisition takes the size of CC&L Infrastructure’s wind portfolio to more than 600MW and its total renewables portfolio above 1.8GW. The assets are located across Canada, the US and Chile.
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