Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has struck an agreement to acquire a 560-megawatt portfolio of five renewable-power assets located across the United States from EDP Renováveis (EDPR).
Financial terms were not disclosed.
CC&L Infrastructure and partners Régime de Rentes du Mouvement Desjardins and Desjardins Financial Security Life Assurance Co. will take a majority stake in the portfolio, increasing the capacity of CC&L’s clean-energy portfolio to more than one gigawatt.
The portfolio includes four operating wind projects with an installed capacity of more than 360 megawatts that are located in Indiana, Wisconsin, Oklahoma and Ohio, and one construction-stage solar project located in Indiana. This solar facility is designed to deliver an installed capacity of approximately 200 megawatts and is expected to be operational by the end of 2021.
EDPR will retain a minority equity interest and continue to operate and
