The Canada Pension Plan Investment Board is looking to take advantage of growing investment opportunities in low-carbon energy alternatives.
CPP Investments announced the launch of its sustainable energy group (SEG) on Tuesday. The group will draw on CPP’s expertise in renewables, conventional energy and new technology to manage approximately $18 billion in assets, according to a release.
Bruce Hogg will serve as managing director and head of the SEG. Hogg, who joined CPP Investments 14 years ago, was most recently managing director and head of power and renewables.
“The creation of the Sustainable Energy Group with significant, flexible capital positions us extremely well to pursue the best market opportunities across the entire energy spectrum,” Hogg said in a statement.