PGGM has signed purchase and sale agreements with EDF Renewables for the acquisition of a 50% ownership interest in five renewable energy projects: Red Pine Wind, Rock Falls Wind, Switch Solar, Valentine solar and Glacier’s Edge Wind. Total capacity of the portfolio of projects is 920MW. Completion of the transaction is subject to regulatory approval and customary conditions precedent.
CohnReznick Capital acted as the exclusive financial advisor to PGGM in the acquisition of the portfolio. “It was a pleasure to help PGGM expand their renewable energy footprint in the US and forge a new partnership with EDF.” stated Gary Durden, managing director at CohnReznick Capital.
About Our Client
PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On December 31, 2017 PGGM had EUR 218 billion in assets under management and was administrating pensions of 3 million participants. Around 725,000 workers in the Dutch healthcare are connected to PGGM&CO, our members organization. Either alone or together with strategic partners, PGGM develops future solutions by linking together pension, care, housing and work.