{"id":8686,"date":"2018-05-09T07:34:44","date_gmt":"2018-05-09T11:34:44","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=557ce017eb264dc6897bfba49902f3db"},"modified":"2018-05-09T07:34:44","modified_gmt":"2018-05-09T11:34:44","slug":"enbridge-and-cppib-sign-renewable-power-deal-create-joint-venture","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/09\/enbridge-and-cppib-sign-renewable-power-deal-create-joint-venture\/","title":{"rendered":"Enbridge and CPPIB sign renewable power deal, create joint venture"},"content":{"rendered":"<p>CALGARY &#8212; Enbridge Inc. has signed a deal for the Canada Pension Plan Investment Board to buy 49 per cent of the pipeline company&#8217;s interests in a group renewable power assets for $1.75 billion.<\/p>\n<p>Enbridge says the agreement will see the creation of a joint venture that includes all its Canadian renewable power assets, as well as the Cedar Point Wind Farm in Colorado and the Silver State North Solar Project in Nevada.<\/p>\n<p>The deal also includes Enbridge&#8217;s interests in two German offshore wind projects.<\/p>\n<p>Enbridge says it will keep its interests in certain other U.S. renewable power assets.<\/p>\n<p>Under agreement, CPPIB has agreed to fund its share of the remaining costs to complete the German offshore wind projects, estimated at about $500 million, bringing the pension fund&#8217;s total commitment to about $2.25 billion.<\/p>\n<p>Enbridge and CPPIB have also signed a deal to form a 50-50 joint venture to pursue future European offshore wind projects.<\/p>\n<p>Companies in this story: (TSX:ENB)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CALGARY &mdash; Enbridge Inc. has signed a deal for the Canada Pension Plan Investment Board to buy 49 per cent of the pipeline company&rsquo;s interests in a group renewable power assets for $1.75 billion. Enbridge says the agreement will see the creation of a joint venture that includes all its Canadian renewable power assets, as [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8686"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8686"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8686\/revisions"}],"predecessor-version":[{"id":8688,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8686\/revisions\/8688"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}