The Investment Management Corporation of Ontario (IMCO) has initiated an exclusive partnership with Calgary-based Valence Energy Capital Corp., a company focused on furthering the evolution of the power grids.
According to a statement by IMCO, Valence will identify and source opportunities in select global power markets, enhancing IMCO’s capabilities through sourcing, acquiring, managing and delivering clean, reliable and cost-effective power to end-use customers.
“From an investment portfolio perspective, power assets can offer a variety of exposures but generally do offer diversification benefits and can offer strong risk-adjusted returns,” said Tim Formuziewich, managing director of infrastructure at IMCO. “With electricity networks increasingly reliant on renewable, non-dispatch energy, we believe value exists by providing energy markets and their customers with flexibility in sourcing renewable energy.
IMCO manages C$70.3 billion ($52 billion) of as
