Tag: omers

OMERS to acquire 19.4 per cent stake in Azure Power

Canadian developer, OMERS Infrastructure has executed a stock purchase agreement with International Finance Corporation (IFC) and IFC GIF Investment Company to buy a 19.4 percent share in Azure Power Global Limited for a total price of approximately $219 million. The agreement to invest in Azure Power reflects OMERS’ significant worldwide interest in high-quality renewable energy and energy transition assets, as well as their interest in India as an investment destination and Asia-Pacific in general.

Read More

First Solar sells 10 GW solar project portfolio to Leeward

First Solar is in the process of selling a 10 GW utility-scale solar project platform to Leeward Renewable Energy Development in a $261 million transaction. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest benefit pension plans. The deal is expected to close in the first quarter, subject to regulatory approvals and customary closing conditions.

Read More