DIF closes takeover of BluEarth Renewables

Dutch infrastructure fund manager DIF Capital Partners has wrapped up its takeover of Canadian power producer BluEarth Renewables LP from Ontario Teacher's Pension Plan.

"BluEarth is an attractive investment and we believe their platform model will provide attractive returns and stable cash flows to our investors,” stated Paul Huebener, partner and head of DIF Americas. He added that DIF recognises solid growth potential ahead for BluEarth, particularly in the US.

The Calgary-based company is active in acquiring, developing, building and operating wind, hydro and solar power plants across North America. Presently, it has a portfolio of 333 MW net nameplate capacity in operation and under construction, along with more than 1,000 MW under development.

The transaction was carried out by infrastructure fund DIF Infrastructure V (DIF V). Its value was not revealed.

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