Invenergy Wind LLC (“Invenergy”) today announced an investment of approximately $500 million by Caisse de dépôt et placement du Québec (“the Caisse”) in a portfolio of approximately 1,500MW of operating wind farms in the United States and Canada that are owned and operated by Invenergy. Following the transaction, Invenergy remains the majority controlling shareholder.
The Caisse will have a material financial interest in 11 wind projects in the United States and 2 wind projects in Canada. Included in this portfolio is the Le Plateau wind farm located in Québec. Le Plateau is a 138.6MW wind farm located in the Gaspésie region which has been in commercial operation since early 2012. The project sells all of its renewable energy to Hydro-Québec under a long-term contract.
“Invenergy is pleased to enter into this strategic relationship with the Caisse,” said Jim Murphy, Invenergy’s Executive Vice President and Chief Financial Officer. “The Caisse is a world-class asset management firm and we find strong synergies between our operating and their investment philosophies.”
“Through this investment, the Caisse becomes a partner of Invenergy, one of the most significant wind industry players in North America,” said Macky Tall, Senior Vice-President, Infrastructure, at the Caisse. “In addition to generating stable and predictable long-term returns, the projects will enable us to broaden our presence in a forward-looking sector — renewable energy — in Québec, Canada and the United States.”
For more information, visit www.lacaisse.com/en.