OMERS Infrastructure has agreed to sell its minority interest in a 596-megawatt portfolio of four wind assets located in Illinois, Texas, Oregon and Minnesota.
OMERS is selling its 49 percent stake in the portfolio known as Vento II to Atlantica Sustainable Infrastructure for $196.5 million.
OMERS has been invested in Vento since 2012. The deal is expected to close in the second quarter of 2021, following regulatory approvals and customary closing conditions.
“OMERS remains strongly interested in the renewables sector, and we continue to aggressively grow our presence in the sector through our existing, wholly-owned U.S.-based wind and solar platform and through the identification of additional opportunities to participate in renewables and energy transition investments globally,” said Gisele Everett, senior managing director, Americas for OMERS Infrastructure.