Canada Pension Plan Investment Board (CPP Investments), through its wholly-owned subsidiary CPPIB Renewables Europe S.à r.l, has agreed to sell its 24.5 per cent stake in two German offshore wind farms to a wholly-owned subsidiary of Enbridge. Under the transaction, CPP Investments will sell its stake in Hohe See and Albatros, which is located in the German North Sea, and is among the largest operating offshore wind farms in Germany with a combined capacity of 609MW.
RBC Capital Markets acted as Exclusive Financial Adviser to CPP Investments | Investissements RPC on the Sale.
