PGGM signs another agreement with EDF 

EDF Renewables North America announced today the signing of two purchase and sale agreements by which PGGM Infrastructure Fund will acquire a 50 percent ownership interest in the following projects: Glacier’s Edge Wind and Valentine Solar. Combined capacity of the projects is 332 megawatts. 

Completion of the transaction is subject to regulatory approval and customary conditions precedent.

This transaction follows on an earlier agreement between the two companies concerning three projects for 588 megawatts. Total capacity of the portfolio (five projects in total) is 920 megawatts. EDF Renewables will remain a 50 percent co-owner and provide management as well as operations and maintenance services.

The agreement with EDF Renewables is part of PGGM’s fast-growing portfolio of investments in climate solutions for PFZW, the pension fund for Dutch healthcare workers. At this stage, PGGM has realized €7 billion ($8.1 billion) of these investments both in private and public markets. These investments generate market-rate financial returns and have measurable positive impact on the world’s carbon footprint.