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CDPQ Makes $1 Billion Commit to Michael Polsky's Invenergy Renewables


CDPQ Makes $1 Billion Commit to Michael Polsky’s Invenergy Renewables
Posted on 12/19/2020
Caisse de dépôt et placement du Québec (CDPQ) made a US$ 1 billion commitment to Invenergy Renewables LLC (Invenergy), the largest private developer, owner and operator of wind and solar projects in North America. This commitment is in the form of new investment facilities.
CDPQ’s long-term partnership with Invenergy, which began in 2013 with a stake in a portfolio of operating wind farms developed by the company. In the year that followed, CDPQ acquired a direct stake in Invenergy, thus increasing its exposure to the development of renewable energy projects. Over the years, CDPQ has gradually expanded its investments in the ​​​​​​​company. At 2018, CDPQ had a 52.4% economic ownership of Invenergy Renewables, while the company retained managerial control. ....

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