CPP Investments commits €245 million to its subsidiary Renewable Power Capital

The Canada Pension Plan Investment Board (CPP Investments) has committed up to Euro 245 million to its UK-based platform, Renewable Power Capital Limited (RPC), in support of RPC’s first investment in renewables in Europe. RPC, which was launched by CPP Investments in December 2020, has committed to acquire 100 per cent interest in a portfolio of three wind farms from OX2. OX2 will construct the wind farms under a tailored engineering, procurement and construction contract, and will also be responsible for their technical and commercial management. When all three wind farms are operational as planned in 2022, the portfolio is expected to produce close to 590 GWh per year, equivalent to the electricity consumption of approximately 118,000 households.

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