RE:RE:TAKEOVER BID ANNOUNCEDYou might want to get up to speed on wind. The tech is there, and improving on a regular basis. Can be a very competitive source of energy.
This does qualify as R&D in the energy sector, and it makes money.
CDNdollars4me wrote: kiss your pension good-bye......silly move...imho...silly....just save for your own retirement...poor return on windmills, the technology just is not there yet....same with solar.....there goes your canada pension....more a political (liberal) move than anything......should have invested in R&D in the energy sector instead.....
Vulture46 wrote: CPPIB to buy Pattern Energy
One of Canada’s largest pension funds, CPPIB, has agreed to buy Pattern Energy Group Inc, at a $2.6 billion dollar valuation. The fund will pay $26.75 a share for Pattern, a 3.8% discount on Friday’s closing price.
This is essentially a long bet on clean energy, something that has lost the charm and lustre it once had on wall street a few years ago.
‘Yieldcos’ operate wind and solar farms and promise growing dividends in a world that is actively aware of climate change. But ever since clean-energy giant SunEdison Inc stumbled towards bankruptcy, it cast a shadow on the profitability of clean energy on the street. CPPIB’s bid comes with a ray of light as the fund goes long on Pattern’s business.
The firm operates 28 wind and solar projects in the US, Canada, and Japan, as well as development projects in Mexico. But the clock is ticking as Pattern has 35 more days to find other suitors that may be willing to buy the company at a higher price.