Ontario Teachers' expands ownership of BluEarth Renewables

On July 16, 2015, Ontario Teachers' Pension Plan (Teachers') completed the acquisition of the outstanding shares of BluEarth Renewables Inc. (BluEarth) owned by ARC Energy Fund 6 and other minority shareholders, with BluEarth management and employees maintaining an ownership stake. Through Teachers' Private Capital group, Teachers' has been a lead investor in BluEarth since the company was established in 2010.

The terms of the transaction were not disclosed.

BluEarth is a private company focused on commercial scale renewable energy development. As an independent renewable power producer they build, own, and operate wind, run-of-river hydroelectric, and solar generation projects across North America.

Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada, with C$154.5 billion in net assets as of December 31, 2014.

Further information can be found on Teachers' website.