Ontario Teachers’ Pension Plan, the huge Canadian pension fund manager, has announced a new partnership with US-based transmission developer Anbaric, committing to to fund the development costs of renewables-related transmission projects that would be worth $2bn if built.

The new partnership, known as Anbaric Development Partners, will invest in early-stage high-voltage direct current transmission lines as well as microgrid projects across North America – potentially expanding Massachusetts-based Anbaric’s reach into the Canadian market.