Vancouver-based CleanTech Company Clir Renewables Closes Major $27 Million Series-B Funding Round to Accelerate Growth. Vancouver, BC, June 1, 2021 Clir Renewables (Clir), a company dedicated to maximizing project returns from renewable energy assets announces the closing of its CAD$27 million Series B funding round. The Series-B financing was co-led by Longbow Capital Inc. and ArcTern Ventures, and included, Canada Pension Plan Investment Board (CPP Investments), BDC Capital, Active Impact Investments and Tokio Marine HCC.
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The Canada Pension Plan Investment Board is launching a new investment group that will focus on renewables, conventional energy and new technology and service solutions.
The sustainable energy group combines the CPPIB’s energy and resources group with the power and renewables group for a total of $18 billion in assets, according to a press release. The group’s diversified portfolio primarily comprises long-term tangible assets, including renewable-energy sources such as wind, solar and hydro, as well as conventional power, upstream oil and gas, energy midstream, carbon capture and liquefied natural gas. It also invests in areas of innovation, technology and services to the energy industries and manages agriculture investments, the release said.
Elo/Veritas – Finnish pension insurance company Elo has chosen
Carl Pettersson as its permanent replacement for former chief executive officer Satu Huber, who quit suddenly last month.
Pettersson is the current CEO of
Veritas, the smallest of the four mutual pension insurance firms operating in Finland’s earnings-related pension system. Elo is the third largest.
Antti Aho, chairman of the board of Elo, said: “Carl Pettersson has strong expertise in the financial services, investment and pension insurance sectors, as well as a solid track record of successful leadership in a regulated business environment.”
Pettersson had the experience and expertise to lead Elo as the company moved into the next strategy period, Aho said.