Canada. CDPQ and CKD IM acquire Mexican wind and solar assets of Enel Green Power, for a total capacity of 1,712 MW
La Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, and CKD Infraestructura México (CKD IM), a consortium of Mexican institutional investors, announced today the acquisition of 80% of a portfolio of eight wind and solar assets owned by Enel Green Power(Enel), a global leader in renewable energy. Following this transaction, Enel will remain the operator and retain 20% of the portfolio.
This is a major investment for CDPQ and CKD IM, a group consisting of Mexican pension fund managers (Afores) XXI Banorte, Afore SURA, Banamex and Pensionissste, as well as infrastructure fund Fonadin. Since the creation of their investment platform in 2015, CDPQ and CKD IM have invested in road and telecommunication infrastructure. With this transaction, they now add the renewable energy sector to their portfolio.
This new partnership between CDPQ, CKD IM and Enel aligns with the highly favourable conditions in the wind and solar energy sector, as the Mexican government has set an objective to generate 40% of its electricity from renewable sources by 2035.
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