Enbridge Sells Shares of Hohe See OWF

Image: EnbridgeImage: Enbridge
The company is selling stakes of two German offshore wind farms and two U.S. onshore wind farms.

Official Press Release Endridge:

Enbridge to Sell 49 Percent of its Interests in Select Renewable Power Assets for $1.75 Billion

Enbridge Inc. has entered into agreements with the Canada Pension Plan Investment Board (CPPIB) to monetize a 49 percent interest in select North American onshore renewable power assets, as well as 49 percent of Enbridge's interests in two German offshore wind projects (Hohe See, and related expansion) through a newly created joint venture with CPPIB, for approximately CAD$1.75 billion.

The assets being contributed by Enbridge to the joint venture include all of Enbridge's Canadian renewable power assets, held through Enbridge Income Fund, as well as two U.S. assets, namely the Cedar Point Wind Farm in Colorado and the Silver State North Solar Project in Nevada. Enbridge expects to retain its interests in certain other U.S. renewable power assets, which may be monetized or... ... More: Official Press Release Endridge

Enbridge, offshore, wind farm, Germany, Canada, Hohe See, CPPIB, onshore, USA

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