The Caisse de dépôt et placement du Québec is acquiring a 24.7% interest in clean energy firm Invenergy Wind.
Financial terms of the deal were not disclosed.
In 2013, the Caisse acquired a minority interest in an Invenergy wind farm portfolio, comprising 11 projects in the United States and two in Canada. And, earlier this year, it added a second Quebec wind farm to the portfolio by investing $42 million in the Parc des Moulins wind energy project at Thetford Mines.
“When we first invested in the company’s wind farms, we were impressed by the strong management team and the quality of the projects in the portfolio,” says Macky Tall, the Caisse’s senior vice-president, private equity and infrastructure. “With this transaction, we continue to strengthen our partnership and increase our exposure to the United States, a promising market for years to come.”
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