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LPNEWS

Ontario Teachers’ Pension Fund Invests $2B In Clean Infrastructure Partnership

by ai-cio.com posted 1year ago 516 views
<p>The $171.4 billion Ontario Teachers&rsquo; Pension Plan has announced it is investing $2 billion in a new partnership with Anbaric, a major developer of clean energy transmission and microgrid projects, to create a new development company, Anbaric Development Partners.</p> <p>Anbaric Development Partners will build clean energy infrastructure projects in North America and will upgrade aging transmission networks. The existing Anbaric management team will lead the new company. As part of the deal, the Ontario Teachers&rsquo; is committed to funding $2 billion in development costs.</p> <p>The $171.4 billion Ontario Teachers&rsquo; Pension Plan has announced it is investing $2 billion in a new partnership with Anbaric, a major developer of clean energy transmission and microgrid projects, to create a new development company, Anbaric Development Partners.</p> <p>Anbaric Development Partners will build clean energy infrastructure projects in North America and will upgrade aging transmission networks. The existing Anbaric management team will lead the new company. As part of the deal, the Ontario Teachers&rsquo; is committed to funding $2 billion in development costs.</p>