Allete Acquisition SPV

Acquisition of Allete by GIP and CPP - Financing

Industry
Power/Conventional power
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

Financing the acquisition of ALLETE, an energy company in the United States, by a consortium including Global Infrastructure Partners and Canada Pension Plan Investment Board under Project Viking in California.

Deal Volume
$1.35bn
Financial Close
16/12/2025
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

Allete Power Assets
$6.2bn
Greenfield
Conventional power
North America
North America
United States