CPP Investments-backed Renewable Power Capital to acquire the Nordic onshore wind projects from OX2 for $277m.

CPP Investments-backed Renewable Power Capital, a renewable energy investment platform, agreed to acquire the Nordic onshore wind projects from OX2, a firm that develops, builds and manages renewable power generation, for $277m. “We are pleased to announce this acquisition as our debut investment in one of our target markets, with a best-in-class partner. The investment is a good example of our long-term investment strategy. Finland is an attractive market, given the strong wind resource, depth of Nord Pool, and ongoing corporate power purchase agreement activity. OX2 has an excellent track record developing high-quality, well-optimized wind projects that deliver a low levelized cost of energy and can compete without subsidies. We look forward to building on this in the years to come," Bob Psaradellis, Renewable Power Capital CEO.