Next Era has taken the money not once but thrice. It used your money to help build the wind projects in Ontario, it took your money for electricity generated and curtailed. It sold the projects to the Federal Government and continues to generate income with service contracts for some of the projects. You paid, are played and continue to pay.
About Cordelio Power
Headquartered in Toronto, Cordelio Power owns and manages a 396MW power generation portfolio, including four operating wind projects and two operating solar projects in Ontario. The company was launched in June 2018 to complete the purchase of this portfolio from NextEra Energy Partners. It is focused on working with all stakeholders to operate its projects in an efficient, safe and environmentally-responsible manner. Cordelio Power is owned by the Canada Pension Plan Investment Board.
Projects now owned by your pension plan:
Bluewater Wind Energy Centre | Conestogo Wind Energy Centre | Jericho Wind Energy Centre | Summerhaven Wind Energy Centre
Moore Solar Energy Centre | Sombra Solar Energy Centre
Source: Cordelio Power