BluEarth Renewables draws investors

ONTARIO - The private equity arm of Ontario Teachers' Pension Plan is plowing $75-million into startup BluEarth Renewables Inc., as part of a joint venture with ARC Financial Corp.

The level of investment isn't jaw-dropping, but it appears that renewable energy is back on the playing field. Clean tech and green energy were all the rage before the market crashed, and it looks like investors are becoming more lenient with their portfolios and open to hearing these stories again.

BluEarth Renewables isn't just any company. The management behind it came from former independent renewable energy player Canadian Hydro Developers Inc., which was bought by TransAlta Corp. BluEarth is run by Kent Brown, Canadian Hydro's former chief executive officer and the acquired company's co-founders, John and Ross Keating, are executive advisers.

Before Teachers' entered the fray, BluEarth had about $90-million in capital, mainly from ARC Financial. With the new investor on board, the company is looking to buy assets that are already generating power or close to completion.

As for geography, BluEarth previously said Alberta is one region the company will avoid, because the market is deregulated and prices are much too depressed right now.

Related News

berlin-electric-utility-wins-national-safety-award

Berlin Electric Utility Wins National Safety Award

BERLIN - The Town of Berlin Electric Utility Department has been recognized for its outstanding safety practices with the prestigious Safety Award of Excellence from the American Public Power Association (APPA). This national honor is a testament to the utility’s commitment to maintaining the highest standards of safety for its workers, ensuring both their well-being and the continued reliability of the electrical services provided to the community.

Recognition for Excellence

In an era when workplace safety is a critical concern, the Town of Berlin Electric Utility Department’s achievement stands out. The department earned the Gold Designation award in the category…

READ MORE
powerlines

B.C. ordered to pay $10M for denying Squamish power project

READ MORE

limestone station

External investigators looking into alleged assaults by Manitoba Hydro workers

READ MORE

Hydro meters

Metering Pilot projects may be good example for Ontario utilities

READ MORE

solar power panels

Electricity distributors warn excess solar power in network could cause blackouts, damage infrastructure

READ MORE