La Caisse provides a $59.5-million loan to the New Richmond wind farm in Gaspésie

unknown

Caisse de dépôt et placement du Québec has announced a $59.5-million term-loan financing in the New Richmond wind farm in Gaspésie, operated by TransAlta Renewables Inc. The New Richmond wind farm has a capacity of 67.8 megawatts generated by 33 wind turbines. In operation since March 2013, the wind farm is located in three different municipalities on the Gaspésie Peninsula—New Richmond, Saint-Alphonse and Caplan. The output is sold to Hydro-Québec under a 20-year power purchase agreement. false false false La Caisse is one of the largest private investors in North America’s wind power sector. In Québec it has financed three wind farm projects: Parc des Moulins (Chaudières-Appalaches), Vents du Kempt (Bas-Saint-Laurent) and the construction of the Parc éolien de la Seigneurie de Beaupré (Capitale-Nationale). La Caisse also has a major interest in Invenergy and its portfolio of wind farms across Canada and the U.S., whose generation capacity exceeds 5,000 MW. Globally, la Caisse is also a major shareholder in London Array, the largest offshore wind farm in the world. 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, 2015, it held $248.0 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. false false false