DATE: January 11, 2021

Connor, Clark & Lunn Infrastructure Closes U.S. renewable power Investment

FOR IMMEDIATE RELEASE

CONNOR, CLARK & LUNN INFRASTRUCTURE CLOSES
U.S. RENEWABLE POWER INVESTMENT

TORONTO, JANUARY 11, 2021

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) is pleased to announce that it has completed its previously announced acquisition of an 80% equity interest in a U.S. wind and solar portfolio.

This transaction, which was completed alongside Régime de Rentes du Mouvement Desjardins and Desjardins Financial Security Life Assurance Company (together, Desjardins Group), included the purchase of four operating wind projects and one construction-stage solar project located in Indiana, Wisconsin, Oklahoma, and Ohio. Each asset is fully contracted through long-term power purchase agreements with high-quality offtakers, and the portfolio provides geographically diversified exposure to three distinct U.S. electricity markets. Construction of the solar facility began in December 2020 and is expected to be operational later this year or early in 2022.

“Completing this investment achieves an exciting milestone for our business,” said Matt O’Brien, President of CC&L Infrastructure. “The addition of these projects increases the total capacity of our renewable power portfolio well past a gigawatt globally. We look forward to operating these high-quality projects alongside our partners over the coming years.”

CC&L Infrastructure now owns approximately 1.4 GW of renewable power globally, with more than 1GW in operation. On a combined basis, these operating facilities are expected to produce approximately 4 million MW hours of clean energy each year – enough energy to power more than 320,000 homes and offset the equivalent greenhouse gas emissions of more than 600,000 passenger vehicles for a year.

About Connor, Clark & Lunn Infrastructure

CC&L Infrastructure invests in middle-market infrastructure and infrastructure-like assets with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flows. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage over CAD$85 billion in assets. For more information, please visit www.cclinfrastructure.com.

Contact

Kaitlin Blainey
Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

Latest News

Image of wind turbines and a man holding an open laptop standing in front of a sunset/sunrise

CC&L Infrastructure Achieves Record Growth in 2024

February 12, 2025

2024 marked a year of record growth for CC&L Infrastructure across our portfolio, team and client base.

Read More
The Northside Plus building at the University of Texas at Dallas.

Connor, Clark & Lunn Infrastructure and Bestinver Infra acquire majority stake in Northside student housing

January 10, 2025

Connor, Clark & Lunn Infrastructure and Bestinver Infra announced the acquisition of a majority interest in the Northside student housing project, a community of student housing facilities situated at the University of Texas at Dallas (UTD).

Read More
CC&L Infrastructure
January 11th, 2021