CDPQ To Invest $1bn In Invenergy Renewables

(CDPQ, 18.Dec.2020) — Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announced a $1bn commitment to Invenergy Renewables LLC (Invenergy), the largest private developer, owner and operator of wind and solar projects in North America, to further support the company in its expanded development activities and continued growth.

This commitment, in the form of new investment facilities, represents another important step in CDPQ’s long-term partnership with Invenergy, which began nearly eight years ago with a stake in a portfolio of operating wind farms developed by the industry leader. In the year that followed, CDPQ acquired a direct stake in Invenergy, thus increasing its exposure to the development of renewable energy projects with a world-renowned partner. Over the years, CDPQ has gradually expanded its investments in the company.

Invenergy Renewables is an international leader in the development of wind, solar and energy storage projects. Invenergy has extensive expertise in the various segments of the industry’s value chain, including in the development, construction, operations and maintenance of renewable energy projects.

“This new investment by CDPQ is the largest since we began our successful partnership with Invenergy in 2013,” said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ. “CDPQ is thrilled to put its constructive capital behind the men and women at Invenergy who passionately develop new renewable projects and thereby contribute to the climate transition.”

“These additional investment facilities will accelerate Invenergy Renewables’ growth and secure its industry leading position,” said Jim Murphy, Invenergy President and Chief Operating Officer. “CDPQ has been a trusted and valued investment partner in our renewables business and we look forward to working together to continue the affordable, reliable, and environmentally beneficial transformation of the power sector.”

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