La Caisse provides $107-million loan to Potentia Renewables, increasing presence in the clean energy sector

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Caisse de dépôt et placement du Québec announced today that it will provide $107 million of debt financing to Potentia Renewables, the largest independent rooftop solar power producer in Canada. The funds will aid the development of additional renewable power projects by Potentia, whose solar arrays are diversely located on the rooftops of schools and commercial and industrial locations. Its 569 arrays currently in operation have a generation capacity of approximately 97 megawatts, enough to power over 12,000 homes per year. The electricity generated is sold to the local electrical grid under 20-year power purchase agreements, resulting in stable, long-term revenue streams and relatively fixed costs. false false false Through this transaction, la Caisse adds to its growing investments in solar energy, an industry which has been marked by recent significant growth. La Caisse’s investments in solar power include an interest in one of India’s largest solar power producers, in addition to multiple Canadian solar projects. La Caisse is also a major investor in wind power projects across North America and in Western Europe. 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, 2016, it held $270.7 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.