Ontario Teachers Pension Plan expands stake in wind power developer

North American Windpower, June 26, 2015
Ontario Teachers’ Pension Plan has acquired all of the outstanding shares of BluEarth Renewables.
The pension plan, through its Teachers’ Private Capital group, has been a lead investor in BluEarth since the developer was established in 2010. Terms of the transaction are not being disclosed. Closing is expected by the end of July.
Calgary-based BluEarth is a private independent renewable power producer focused on the acquisition, development, construction and operation of wind, hydro and solar projects. BluEarth’s portfolio currently includes interests in 18 projects across Canada totaling 174 MW, with a pipeline of earlier-stage development projects. BluEarth will continue to focus on growth through the acquisition and development of renewable energy projects in Canada and other markets globally.
The Ontario Teachers’ Pension Plan – with $154.5 billion in net assets – is the largest single-profession pension plan in Canada. It has earned a 10.2% annualized rate of return since its founding in 1990.

What's your reaction?


  • Tracy
    Posted July 1, 2015 9:40 pm 0Likes

    Terms of the transaction are not being disclosed for a reason. It will be interesting to see who the shareholders of Bluearth are…

    • Barbara
      Posted July 1, 2015 10:23 pm 0Likes

      Teachers’ Pension Plan
      BluEarth management and employees will maintain an ownership stake. Deal closing by end of July, 2015.
      Sounds similar to one of the IWT Wolfe Island sales deals where company officials retained a stake in a deal.
      The price will be revealed because it is a “public” Ontario pension fund investment.

      • Sommer
        Posted July 24, 2015 9:04 am 0Likes

        I found the link to BlueEarth Renewables
        Batchawana Bay is one of the most beautiful places in northern Ontario. I have always wanted to go back there and see the vista of the bay from above on the highway that passes through.
        It’s sad to think that teachers in Ontario’s investments have done this.

  • Sommer
    Posted July 3, 2015 3:12 pm 0Likes

    I wonder how many teachers actually realize that their pension plan is invested in such an unethical business as the wind industry?

    • Gary
      Posted July 3, 2015 6:40 pm 0Likes

      really?…you use ethical and teachers in the same sentence?…go for it and include the word union..

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