OTPPB and Corio Generation to form a $1bn joint venture.

Ontario Teachers’ Pension Plan Board, a pension plan provider, and Corio Generation, a green investment group within Macquarie, agreed to form a $1bn joint venture to develop of up to 9GW of offshore wind worldwide. “Corio Generation is committed to accelerating the global deployment of renewable energy by delivering its global portfolio of offshore wind projects. This partnership with Ontario Teachers’ represents a highly significant milestone on our journey and demonstrates Corio’s capability to bring together a large-scale global portfolio, a team of industrial experts and world-class investment partners. With this collaboration with Ontario Teachers’, Corio will generate vast amounts of clean, affordable electricity and support thousands of green jobs, while providing attractive returns on investment," Jonathan Cole, Corio Generation CEO.