AMP Invests $100 Million in TIAA-CREF’s Wind Power Venture
AMP Ltd., the Australian pension provider, invested $100 million in North American wind energy developer Capistrano Wind Partners LLC.
The investment is “on behalf of a large Australian superannuation fund client,” AMP said today in an e-mailed statement. The investment was made by the Sydney-based company’s AMP Capital Investors Ltd. unit.
Capistrano was formed last year by TIAA-CREF, Edison Mission Energy and Cook Inlet Region Inc. to develop and own North American wind energy projects. The company owns five operating wind farms in Nebraska, Texas and Wyoming with 413 megawatts of generating capacity, according to the statement.
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