The Canada Pension Plan Investment Board (CPPIB), the investment management organisation that invests Canada’s national pension fund assets, has committed to invest $200m in Noble Environmental Power, a Connecticut-based wind energy development and energy operating company.
Noble Environmental Power is a renewable energy company with windparks under development in several states, including New York, Vermont, New Hampshire, Minnesota, Maine and Texas.
Founded in 2004, and majority-owned by affiliates of JP Morgan Partners, Noble develops, constructs, owns and operates windparks across the US.
The company is planning to bring 282MW of wind power generation online in New York State in the beginning of 2008 and has several thousand additional megawatts under development and estimated to come online between 2008 and 2012.
In December 2007, the CPP Fund was worth C$119.4bn, including approximately C$11.4bn invested in private equity investments.
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