CDPQ acquires significant additional stake in Invenergy Renewables LLC

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Caisse de dépôt et placement du Québec (CDPQ) and Invenergy today announced an increase of CDPQ’s stake in Invenergy Renewables LLC (Invenergy Renewables), North America’s largest privately held renewable energy company. With this transaction, CDPQ will have a 52.4% economic ownership in Invenergy Renewables, while Invenergy will continue to be the managing member of the company. As part of Invenergy’s diversified development and operations platform, Invenergy Renewables is a global leader in wind and solar power generation and advanced energy storage projects, having developed projects totalling approximately 14,000 megawatts. Present in the Americas, Europe and Asia, Invenergy has built an extensive expertise in the various stages of the industry’s value chain, including the development, construction, operations and maintenance of renewable projects. 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. false false false 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. To learn more about the strategy, visit: http://www.cdpq.com/en/investments/responsible-investment The transaction is subject to certain regulatory approvals. false false false ABOUT INVENERGY Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own and operate large-scale renewables and other clean energy generation and storage facilities in the Americas, Europe and Asia. Invenergy’s home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe. For more information, please visit www.invenergyllc.com. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2017, it held CAD 298.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com/en, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.