Clean Energy Investments
OMERS Infrastructure is finding new and exciting opportunities to build on the Plan’s clean energy exposure and to diversify our portfolio geographically. We are proud of our new goal to reach net-zero carbon emissions across our entire portfolio by 2050. These investments by our infrastructure team underscore our overall commitment to sustainable investing.
An interesting example is our first investment in the field of distributed generation, which is a highly efficient way of generating renewable electric power close to the actual sources that will use it—homes, businesses, municipalities, universities, schools, hospitals and industrial facilities.
Navisun LLC, which we recently acquired, is an independent distributed generation solar power producer that acquires, co-develops, constructs, finances, owns and operates distributed and small utility-scale solar and storage projects throughout the United States.
Based in Hingham, Massachusetts and founded in 2017, Navisun targets solar power and storage projects ranging from ~1 megawatt (MW) to 30 MW.
In the last year, our Infrastructure team has made a number of other clean energy investments, which include stakes in Australian energy company FRV Australia, a leading developer, owner and operator of utility-scale solar and storage projects in Australia, and Azure Power, a leading independent solar generator in India. /sites/omers-newsletter/static/images/sites/omers-newsletter/static/images/sites/omers-newsletter/static/images/sites/omers-newsletter/static/images
OMERS currently holds more than $18 billion in assets that engage in renewable energy, energy efficiency and green-certified buildings, which is just another step we’re taking to meet our mission of reducing our carbon footprint by 20% by 2025 and to net zero by 2050.