Canada. Alberta pension fund buys stake in recently approved wind power projects
The firm that administers more than $100 billion in Alberta government pensions and other funds says it is buying substantial stakes in two wind power projects that just received 20-year power price guarantees from the province.
The Alberta Investment Management Corporation or AIMCo says it has struck a deal with a subsidiary of Rome-based global power company Enel to buy 49 per cent ownership of the projects to be constructed near Pincher Creek in southern Alberta.
No financial details were released. The two projects are expected to have the capacity between them to produce 145.6 megawatts of electricity.
Read More: CBC News
