Canadian infrastructure firm Enbridge has reached an agreement to sell 49% of its stake in three French offshore wind projects under development with a combined capacity of 1.5GW to the Canada Pension Plan Investment Board (CPP Investments), one of the world’s largest investors in private equity.

Enbridge during the presentation of first quarter 2020 results said it expects initial proceeds from the transaction to exceed C$100m (US $71.54m),