OTPP and PSP Investments Buy Into Santander Renewable Portfolio

Ontario Teachers’ Pension Plan (OTPP) and the Public Sector Pension Investment Board (PSP Investments) are jointly acquiring a portfolio of renewable energy and infrastructure assets from Banco Santander, S.A. The assets being sold by Santander will be moved to a new company equally owned by: Banco Santander, OTPP and PSP Investments. Marcos Sebares will be CEO of the new entity. The deal is expected to close in the first half of 2015. The value of the assets exceeds US$ 2 billion.

The portfolio consists of wind, solar and water infrastructure assets across seven countries.

Macquarie Capital acted as financial advisor to Santander.


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