BluEarth Renewables Announces Execution of Agreement for Change in Ownership

Calgary – BluEarth Renewables LP ("BluEarth") is pleased to announce that Ontario Teachers' Pension Plan and DIF Infrastructure V ("DIF V"), an independent infrastructure fund, have executed an agreement for the transfer of ownership of BluEarth Renewables.

"We are very pleased with this transaction and we are excited to start a new chapter in BluEarth's history with DIF V," said Grant Arnold, President and Chief Executive Officer of BluEarth Renewables. "We have had great success with Ontario Teachers' as a founding shareholder, and we look forward to continuing to grow our platform model, including our focus on U.S. growth, with the support of DIF V."

This transaction is subject to receipt of usual and customary regulatory approvals and consents. Closing is expected to take place in the course of 2019. Upon closing, DIF V will own 100% of BluEarth.

About BluEarth Renewables

BluEarth Renewables brings together extraordinary people with the power to change the future™ by delivering renewable energy to the power grid every day. We are a leading, independent, power producer that acquires, develops, builds, owns and operates wind, hydro and solar facilities across North America. Our portfolio includes 333 MW net (405 MW gross) of nameplate capacity in operation and under construction and over 1,000 MW under development. For more information, visit bluearthrenewables.com or follow us on twitter @BErenewables.

For further information:

Dorreen Miller  
Director, Communications   
BluEarth Renewables 
(587) 324-4238  
media@bluearth.ca