Investors - MARCH 15, 2016

Alberta Investment Management commits $500m renewable energy

by Andrea Waitrovich

D. E. Shaw Renewable Investments has entered into a  $500 million strategic financing relationship with Alberta Investment Management Corp. DESRI is focused on owning and managing long-term contracted renewable energy assets in North America and has a portfolio of projects totaling approximately 1,000 megawatts of capacity.

AIMCo is one of Canada’s largest and most diversified institutional investment managers with more than C$90 billion ($67 billion) of assets under management. AIMCo invests globally on behalf of 26 pension, endowment and government funds in the Province of Alberta.

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