A DIF managed infrastructure fund is buying BluEarth Renewables from Ontario Teachers鈥� Pension Plan.
DIF Infrastructure V has signed an agreement to acquire the Canadian renewable energy firm from the pension institution for an undisclosed sum.
BluEarth develops, builds, owns and operates wind, hydro and solar facilities. Since its inception in 2010, BluEarth has developed and acquired 19 hydro, wind and solar projects across North America, representing 405MW of gross capacity.
Paul Huebener, partner and DIF鈥檚 head of Americas said: 鈥淲e are excited to support BluEarth in its next phase of growth.
鈥淭he BluEarth team and its portfolio of stable renewable energy projects are a key addition in DIF鈥檚 continued expansion in North America.鈥�
