CDPQ provides CA$150-million in financing to ContourGlobal’s concentrated solar power asset purchase

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La Caisse de dépôt et placement du Québec ("CPDQ"), a leading global institutional investor, today announced that it provided CA$150 million (€100 million) in financing to support the acquisition by ContourGlobal Mirror 2 S.à.r.l. (“ContourGlobal”) of a portfolio of concentrated solar power (“CSP”) assets in Spain. ContourGlobal is a growth platform for acquiring and developing energy assets with long-term contracts across many geographies. In February 2018, ContourGlobal successfully reached an agreement to acquire the CSP assets from Acciona, a Spanish conglomerate group that develops and manages infrastructure and renewable energy assets. The portfolio consists of five CSP assets in the south-west region of Spain whose operation commencement dates range from 2009 to 2012. false false false In the last two years, CDPQ participated in several investments related to solar energy. CDPQ provided CA$50.4 million in financing to Sunrun, a leader in the U.S. residential solar industry, and acquired a significant minority stake in Azure, one of India’s largest solar companies. It also announced plans to implement the largest private multi-family residential rooftop solar project at New York City’s Stuyvesant Town-Peter Cooper Village. false false false 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 CA$298.5 billion (US$238.2 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, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.