It’s a good spring for Canadian asset management firms to invest in the U.S. renewable energy sector. While Brookfield finalizes its takeover of former SunEdison yieldcos TerraForm Power and TerraForm Global, Fiera Capital Corporation is also getting in on the action.
On Monday, Fiera announced that a fund under its control has acquired an indirect equity interest in eight U.S. solar and wind plants owned by affiliates of D.E. Shaw and other investors. The company says that it expects three more projects to be added to the portfolio this year, which will bring the capacity to 921 MW-AC.
Fiera says that all three projects are either currently operating or will be operating by the time they are added to the portfolio, and that all eleven hold long-term power contracts. The projects are located in eight U.S. states, but neither company has said which states or what the breakdown of solar and wind projects is.
D.E. Shaw will continue to hold an interest in these assets, and Fiera says that it expects to invest in future projects with D.E. Shaw in the United States.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.