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Canadian Pension Funds Join $2 Billion Cleantech Portfolio

Two of Canada’s leading pension funds are taking an ownership stake in a $2 billion portfolio of solar, wind, and water infrastructure projects spanning seven countries.

Early this year, the Ontario Teachers’ Pension Fund and the Public Sector Pension Investment Board (PSP) will form a joint venture company with Santander, the European commercial bank that previously owned the projects outright.

The two pension funds are expected to make significant new investments over the next five years, PV-Tech reports. The decision is consistent with PSP’s “strategy of deploying capital in sizeable opportunities that offer long-term revenues and growth potential along with solid partners,” said Bruno Guilmette, senior vice president of infrastructure investments.