Canada Pension Plan Investment Board agreed to acquire 49% stake in the entity that holds Enbridge’s stake in the Éolien Maritime France for $87m, with an additional follow-on investment of €120m ($130m) as the first project progresses through construction. "France has established renewables as a cornerstone of its long-term energy plan and this partnership with Enbridge represents significant opportunities to invest in, and develop, flagship offshore wind projects across France, alongside France’s premier energy company, EDF Renewables," Bruce Hogg, CPP Investments Power and Renewables head and managing director.