FPL adds more wind generation to portfolio
The foundation of FPL Energy's growth plan is a pipeline of wind projects representing more than 14,000 megawatts in various stages of development and more than one million acres of land under its control across the U.S. FPL Energy continues an active prospecting program designed to add significantly to its already robust pipeline.
In addition to its development pipeline, FPL Energy, through its subsidiaries, currently has more than 1,000 megawatts of new wind projects under construction in Texas, Colorado, Iowa and North Dakota; all are expected to reach commercial operation by the end of this year.
"With demand for energy continuing to increase, we believe wind power can have a positive impact on diversifying our energy supply and improving our environment," said Mitch Davidson, president of FPL Energy.
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Ontario Teachers' Plan Acquires Brazilian Electricity Transmission Firm Evoltz
TORONTO - The Ontario Teachers’ Pension Plan has acquired Evoltz Participações, an electricity transmission firm in Brazil, from US asset manager TPG.
The retirement system took a 100% stake in the energy firm, Ontario Teachers’ said Monday. The acquisition has netted the pension fund seven electricity transmission lines that service consumers and businesses across 10 states in Brazil. The firm was founded by TPG just three years ago.
“Our strategy focuses on allocating significant capital to high-quality core infrastructure assets with lower risks and stable inflation-linked cash flows,” Dale Burgess, senior managing director of infrastructure and natural resources at Ontario Teachers, said…
