Brookfield Infrastructure Says Goodbye To Enwave Energy Corporation
45 sec read
Brookfield Infrastructure has agreed to sell 100 percent of its North American district energy enterprise, Enwave Energy Corporation, in a deal worth over $5 billion. The Ontario Teachers’ Pension Plan Board and IFM Investors have joined forces to acquire Enwave’s Canadian operations, while QIC and Ullico will run their business holdings in the US.
The infrastructure of Enwave includes Toronto’s deep lake water cooling network and other significant projects in 13 major cities across North America.
Following the announcement, Dale Burgess, Senior Managing Director of Infrastructure and Natural Resources, with Ontario Teachers, states, “Enwave is a prime example of an investment that we believe can be both commercially attractive and contribute to broader sustainability efforts. It provides district energy solutions to a high-quality portfolio of clients in Canada, helping them reduce greenhouse gas emissions and improve energy efficiency.”
The acquisition will bring Enwave to new heights and further grow its sustainable footprint for many years to come.
Learn more about the acquisition.
Reference
Brookfield sells ENWAVE district energy - REMI Network. (2021, February 3). Retrieved February 26, 2021, from https://www.reminetwork.com/articles/brookfield-sells-enwave-district-energy/
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