BluEarth Renewables draws investors

subscribe

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

houston-power-outage-extends

Frustration Mounts as Houston's Power Outage Extends

TEXAS - Houston is enduring significant frustration and hardship as a power outage stretches into its fourth day amid a sweltering heatwave. The extended blackout has exacerbated the challenges faced by residents in one of the nation’s largest and most dynamic cities, underscoring the critical need for reliable infrastructure and effective emergency response systems.

The power outage began early in the week, coinciding with a severe heatwave that has driven temperatures to dangerous levels. With the city experiencing some of the highest temperatures of the year, the lack of electricity has left residents without essential cooling, contributing to widespread discomfort…

READ MORE
City of Vancouver

City of Vancouver named Clean Energy Champion for Bloedel upgrades

READ MORE

solar panels

Energy freedom and solar’s strategy for the South

READ MORE

coal plant sunset

Looming Coal and Nuclear Plant Closures Put ‘Just Transition’ Concept to the Test

READ MORE

miami-valley-expands-ev-infrastructure-with-24-new-chargers

Miami Valley Expands EV Infrastructure with 24 New Chargers

READ MORE