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An SSE vehicle is parked outside the Pitlochry Dam hydro electric power station, in Pitlochry, Scotland, on Nov. 8, 2017. RUSSELL CHEYNE/Reuters British power generator and network operator SSE said on Friday it will sell a 25 per cent stake in its power transmission network business to Canada’s Ontario Teachers’ Pension Plan Board for £1.47-billion ($1.78-billion), as part of its efforts to cut greenhouse gas emissions. The stake sale of SSEN Transmission is part of a plan SSE outlined last November when it pledged to invest £12.5-billion in clean energy projects. So far, SSE has sold a 33.3 per cent stake in gas distribution operator Scotia Gas Networks for nearly £1.29-billion as part of a bid to focus on renewable power and networks. “With significant growth forecast in transmission, bringing in Ontario Teachers’ as a minority stake partner will help fund our ambitious investment plans as we continue to deliver a network for net zero emissions across the north of Scotland,” SSEN ...

An SSE vehicle is parked outside the Pitlochry Dam hydro electric power station in Pitlochry, Scotland. The Ontario Teachers’ Pension Plan is paying £1.47-billion ($2.4-billion) for a 25-per-cent stake in SSEN Transmission. RUSSELL CHEYNE/Reuters Two major Canadian investments announced Friday have refocused attention on an often overlooked sector seen as crucial for the low-carbon energy transition: distribution. The Ontario Teachers’ Pension Plan said Friday it will pay £1.47-billion ($2.4-billion) for a 25-per-cent stake in SSEN Transmission, a division of Scotland-based SSE PLC, which delivers hydroelectric power from northern Scotland to the rest of Britain. The deal represents the pension plan’s largest-ever power distribution investment. Separately on Friday, the Canada Infrastructure Bank and Canadian Imperial Bank of Commerce CM-T announced they have committed $135-million each in funding for Markham District Energy, which provides centralized heating and cooling for 230 bui...