Canada’s PSP to Invest $250 Million to Back Sandbrook’s Norwegian Wind Farm Company
Windmills at a wind farm.
Photographer: KHALED DESOUKI/AFPThis article is for subscribers only.
Canadian pension manager Public Sector Pension Investment Board, is putting $250 million into an investment vehicle that controls Norwegian wind-farm equipment owner Havfram, according to a statement Monday.
PSP is partnering with Sandbrook Capital, a private equity firm focused on renewable energy, which acquired the majority stake in Havfram earlier this year, the statement said. Sandbrook invested $250 million of equity capital into the company to support vessels to service offshore wind turbines.