Investment Committee – January 16, 2018
Acquisition of Leeward Renewable Energy
OMERS Private Markets sought the approval of the Investment Committee to proceed with the acquisition of Leeward Renewable Energy LLC. Leeward is a leading wind power asset owner, operator and developer of wind projects in the United States across 19 operating projects with a total installed capacity of 1.7 GW.
Following a question and discussion period, the Investment Committee approved the acquisition.
In a press release issued March 22, 2018, OMERS announced the agreement to acquire Leeward from affiliates of ArcLight Capital Partners, LLC. The transaction is expected to close in the third quarter of 2018 and remains subject to customary approvals.