OMERS Infrastructure is selling its 49% interest in a 596MW portfolio of four wind assets in the US to Atlantica Sustainable Infrastructure for $196.5m (€165m).
The assets, held in a vehicle known as Vento II, are located in the states of Illinois, Texas, Oregon and Minnesota.
“We have been invested in Vento since 2012. We are proud of what we have helped accomplish at this asset while working alongside world-class operators and our valued partners, EDPR North America,” said Gisele Everett, senior managing director, Americas, for OMERS Infrastructure.
Everett said OMERS remained strongly interested in the renewables sector, and continued to “aggressively” grow its presence in the sector through its existing, wholly-owned US-based wind and solar platform.
NASDAQ-listed Atlantica Sustainable currently owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric transmission and water assets in North and South America, and certain markets in EMEA.
Santiago Seage, Atlantica’s CEO, said “this high-accretive investment” by Atlantica increased and diversified the company’s presence in North America, while allowing it to continue delivering on its ESG commitments.
Greencoat buys 55% stake in Illinois portfolio from EDPR
Greencoat Capital funds have agreed to buy a 55% stake in a 405MW wind portfolio in Illinois from EDP Renewables (EDPR).
EDPR will remain as a minority owner with responsibility for the day-to-day management of the portfolio which comprises the Bright Stalk and Harvest Ridge wind farms in Illinois.
The transaction marks the second investment in the US by funds managed by Greencoat. In January, Greencoat announced an investment in an 861MW US wind portfolio in joint venture with RWE and Algonquin Power & Utilities.
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