CPPIB-backed Renewable Power Capital and Eelpower to form a joint venture.

CPPIB-backed Renewable Power Capital, a pan-European renewable energy investment platform, and Eelpower, an owner and operator of a sustainable electricity supply company, agreed to form a joint venture to acquire, build and operate utility-scale projects. Financial terms were not disclosed. “Eelpower was founded to make the transition to renewable energy sustainable, through the creation of a platform of grid-scale electricity storage assets. We are therefore delighted to be working with RPC to ensure that our joint venture leads the battery storage market in terms of scale, quality of assets and speed deployment," Mark Simon, Eelpower CEO.