Canada Pension Plan Investment Board (CPP IB) will enter the Brazilian wind sector in a joint venture with local industrial group Votorantim that will initially buy 565MW of operating capacity and plans to invest more than $900m over time.
CPP IB – which manages Canada’s largest public pension fund – will contribute an initial C$272m ($213m) to the JV with Votorantim Energia, the energy unit of Votorantim.
