Connor, Clark & Lunn Infrastructure and WindRiver Power Corporation are pleased to announce that they have formed a new partnership, Pacific Slope Power Limited Partnership. The objective of Pacific Slope Power is to finance, develop, own and operate small-scale run-of-river hydro and other renewable energy projects in British Columbia.
“The partnership with WindRiver will allow Connor, Clark & Lunn and its clients, on an exclusive basis, to invest in construction-ready renewable energy projects developed by WindRiver”, said Matt O’Brien, President of Connor, Clark & Lunn Infrastructure. “Investments in these long-life assets will offer stable and attractive long-term returns, consistent with our strategy of providing high net worth and institutional investors with direct exposure to high quality infrastructure assets.”
Pacific Slope Power will participate in BC Hydro’s initiatives to acquire clean energy from smaller privately-owned projects, typically ranging in size from five to fifteen megawatts. “WindRiver’s portfolio of hydro prospects and its development experience, combined with Connor, Clark & Lunn’s access to capital and financial expertise, provides a solid foundation for success”, commented Kipp Horton, President and CEO of WindRiver Power. “We are confident that all stakeholders, including our First Nation partners, BC Hydro, our construction partners and project lenders, will share the same view.”
About Connor, Clark & Lunn Infrastructure
Connor, Clark & Lunn Infrastructure is part of Connor, Clark & Lunn Financial Group, a multi-boutique asset management firm responsible for the investment of over $39 billion in assets through its affiliated investment managers on behalf of individuals, advisors and institutional clients. CC&L Infrastructure is a significant equity investor in the approximately $500 million, 150 MW Upper Harrison project cluster which is one of the largest independently owned run-of river hydro projects in Canada.
About WindRiver Power Corporation
WindRiver Power Corporation is a private renewable energy developer of hydro and wind assets in Western Canada. WindRiver is embarking upon an exciting period of growth supported by its deep project inventory and strong First Nation partnerships. Construction of its first project, the Sakwi Creek run-of-river hydro project, is scheduled to commence in 2012. WindRiver Power, together with its First Nation and financial partners, looks forward to building a substantial portfolio of clean energy projects in the future.
For more information, please visit www.cclgroup.comor contact:
President & CE
WindRiver Power Corporation