Croatia's net electricity output down 5.6% y/y in April – table
Jun 24, 2022 18:49 CESTApril 7 (Renewables Now) - Canada Pension Plan Investment Board (CPP Investments) on Tuesday said it is establishing a new investment group with some USD 18 billion (EUR 15.1bn) in assets, which will focus on sustainable energy investments, including renewables.
The new entity, dubbed Sustainable Energy Group (SEG), will combine the Canadian fund’s Energy & Resources (E&R) and Power & Renewables (P&R) groups and will operate in the renewables, conventional energy and new technology segments. Set to be “highly competitive and flexible” on the global market, the new group is well-positioned to pursue a variety of opportunities, CPP Investments said.
SEG’s platform consists primarily of long-term tangible assets, including wind, solar and hydropower, as well as conventional power, oil and gas and carbon capture assets. The entity will invest in the innovation, technology and services opportunities on the energy market and will also manage agriculture investments.
Bruce Hogg, former head of Power & Renewables, will lead SEG.
"The creation of the Sustainable Energy Group with significant, flexible capital positions us extremely well to pursue the best market opportunities across the entire energy spectrum,” commented Bruce Hogg, managing director of CPP Investments.
In December, CPP Investments set up a UK-based platform, Renewable Power Capital Limited (RPC), to invest in renewable energy technologies across Europe.
(USD 1.0 = EUR 0.841)
Croatia's net electricity output down 5.6% y/y in April – table
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