The deal represents a 25 per cent stake in SSE’s electricity transmission network business, which transports electricity from renewable sources, like wind and hydro, from northern Scotland to more than a quarter of the U.K.’s land mass. (The Logic)

Talking point: The investment will help SSE expand its renewable power capacity five-fold by 2031. OTPP, which manages over $240 billion in assets, has committed to substantially growing its investments in companies that generate renewable energy and reduce the demand for fossil fuels, as part of its plan to achieve net-zero emissions in its portfolio by 2050. The funding came through OTPP’s Infrastructure and Natural Resources group, which invests in electricity infrastructure around the world.