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Caisse de dépôt et placement du Québec increases stake in Invenergy Renewables
Transactions - MAY 22, 2018

Caisse de dépôt et placement du Québec increases stake in Invenergy Renewables

by Released

Caisse de dépôt et placement du Québec (CDPQ) has increased its stake in Invenergy Renewables, one of North America’s largest privately held renewable energy companies. With this transaction, CDPQ will have a 52.4 percent economic ownership in Invenergy Renewables, while Invenergy will continue to be the managing member of the company.

This additional investment by CDPQ marks an important chapter in its partnership with Invenergy. Having initially invested in 2013 in wind farms operated by the company, CDPQ acquired the following year a direct stake in Invenergy Renewables, gaining exposure to the development and construction of greenfield renewables projects, alongside a partner recognized in the market for delivering high-quality projects on time and on budget. Since then, CDPQ has gradually increased its investment in the company.

In October 2017, CDPQ presented its investment strategy to address climate change, which sets out targets and means for making a constructive contribution, as an investor, to the transition toward a low carbon global economy.

The transaction is subject to certain regulatory approvals.

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