OMERS Infrastructure, the managing investment firm, announced this Thursday the complete selling of its interest in the wind portfolio Vento II.
Firstly, the portfolio is a 596 megawatts of capacity set, comprised of four wind farms in Illinois, Texas, Oregon and Minnesota.
Secondly, the transaction will be closed in the second quarter of this year, after it obtains final regulatory approvals and meets customary closing conditions.
On the other hand, Scotiabank served as transaction advisor to OMERS Infrastructure.
Thirdly, the company manages investments globally in infrastructure on behalf of OMERS; the defined benefit pension plan for municipal employees in the Province of Ontario, Canada.
Consequently, OMERS’ investments aim at steady returns to help deliver sustainable, affordable and meaningful pensions to OMERS members.
Moreover, the company manages a diversified portfolio of large-scale infrastructure assets in sectors like energy, digital services, transportation and government-regulated service.
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OMERS Infrastructure growing U.S. presence
In addition, the company has teams working in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe.
In fact, it is one of Canada’s largest defined benefit pension funds, with net assets of C$105 billion.
On the other hand, the company has been investing in Vento II since 2012.
Therefore, in regards to the sale, Gisele Everett, Senior Managing Director, Americas for OMERS, said. “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.”
She also remarked. “We wish Atlantica Sustainable Infrastructure and EDPR North America every success in their work together.”
Finally, she concluded. “OMERS Infrastructure remains strongly interested in the renewables sector; we continue to aggressively grow our presence in the sector through our existing, wholly-owned U.S.-based wind and solar platform; and also through the identification of additional opportunities to participate in renewables; also, energy transition investments globally.”
