Enbridge to acquire a 24.5% stake in Hohe See and Albatros from Canada Pension Plan Investment Board for $272m.

Enbridge, an energy infrastructure company, agreed to acquire a 24.5% stake in the wind farms Hohe See and Albatros from Canada Pension Plan Investment Board, a private equity firm, for $272m. “Since our initial investment in these assets in 2018, the European offshore wind market has continued to mature and we’ve realized solid returns during our ownership. The renewable energy sector, and offshore wind specifically, remains an important investment strategy for us, and we will continue to seek opportunities in the sector that best fit the scale and flexibility of our capital," Bill Rogers, CPPIB Managing Director, Global Head of Sustainable Energies.