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Investing / Private Equity / ONCAP / Pinnacle Renewable Energy Group text size [+][]
Pinnacle Renewable Energy Group
Industry: Renewable Energy
Investment date: May 2011
Acquired by: ONCAP II
Investment: C$71 million /
C$34 million from Onex
Ownership: 63% / Onex’ portion is 30%
Status: Unrealized
Head office: Vancouver, British Columbia

Pinnacle Renewable Energy Group (“Pinnacle”) currently operates seven plants in the interior of British Columbia and supplies over one and a half million tonnes of pellets annually making it one of the largest providers of wood pellets in the world. The wood pellets that Pinnacle produces are primarily used by European and Asian utilities to co-fire with coal or to burn in dedicated biomass facilities in order to meet their renewable energy targets.