EDPR’s asset portfolio includes four wind farms installed in 2007-2008, with a total generation capacity of 599MW.
The divesture is consistent with the asset rotation strategy that EDPR announced as one of its core objectives in May 2012.
Borealis Infrastructure handles infrastructure investments for the Ontario Municipal Employees Retirement System (OMERS), a pension fund in Canada.
Borealis president and CEO Michael Rolland stated, "Our investment in this portfolio marks a significant commitment by Borealis to the renewables sector, and is the type of large-scale infrastructure asset we look for to generate stable and consistent returns for the pension plan.
EDPR chief executive officer Joao Neto added, "This partnership is a step toward securing a positive future for both EDPR and Borealis."
