Canada Pension Plan Investment Board (CPP Investments) has committed an additional €260 million ($288 million) to its U.K.-based onshore renewables platform, Renewable Power Capital (RPC).
RPC has made an initial investment in the 146-megawatt Swedish Klevberget onshore wind farm, and has signed a construction and asset transfer agreement with OX2, a large-scale onshore wind developer in Europe.
“RPC has significantly expanded its footprint across European renewables with this entry into the Swedish market,” said Bruce Hogg, managing director and head of sustainable energies, at CPP Investments. “We continue to support the business, with additional long-term capital to invest in attractive renewables opportunities across our target markets.”
