Canada Pension Plan Investment Board (CPP Investments) has established a new platform known as Renewable Power Capital (RPC) to invest in solar, onshore wind and battery storage technologies across Europe.
RPC will build a scalable and diversified pan-European platform, initially targeting development, ready-to-build and operating assets, according to CPP Investments. RPC will have capabilities across different power markets, and across the value chain from development, through construction and into operations.
The platform is backed by CPP Investments’ multibillion-dollar power and renewables investment strategy and will be a majority-owned, independently operated portfolio company.
RPC will be led by CEO Bob Psaradellis, who previously served at GE Energy Financial Services, where he closed equity investments in energy assets valued at more than $6 billion and raised more than $14 billion in third-party equity and debt for GE’s power, renewables, oil and g
