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CPPIB – Acquisition of stake in renewables assets in North America and Germany

Canada Pension Plan Investment Board (CPPIB) signed a CAD 1.75bn (USD 1.36bn) deal to acquire minority stakes in two renewable portfolios owned by Enbridge. This includes a 49% stake in Enbridge’s North American onshore renewable power assets and a 49% stake in Enbridge’s interests in two German offshore wind projects. Financial details of the transaction have not been disclosed. Financial details of the transaction have not been disclosed.