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Jan. 8, 2013 /CNW Telbec/ - Invenergy Wind LLC ("Invenergy") today announced an investment of approximately
US$500 million by Caisse de dépôt et placement du Québec
("the Caisse") in a portfolio of approximately 1,500 megawatts (MW) of operating wind farms in
the United States and
Canada that are owned and operated by Invenergy. Following the transaction, Invenergy remains the majority controlling shareholder.
The Caisse will have a material financial interest in 11 wind projects in
the United States and 2 wind projects in
Canada. Included in this portfolio is the Le Plateau wind farm located in Québec. Le Plateau is a 138.6 MW wind farm located in the Gaspésie region which has been in commercial operation since early 2012. The project sells all of its renewable energy to Hydro-Québec
under a long-term contract.
"Invenergy is pleased to enter into this strategic relationship with the Caisse," said
Jim Murphy, Invenergy's Executive Vice President and Chief Financial Officer. "The Caisse is a world-class asset management firm and we find strong synergies between our operating and their investment philosophies."
"Through this investment, the Caisse becomes a partner of Invenergy, one of the most significant wind industry players in
North America," said
Macky Tall, Senior Vice-President, Infrastructure, at the Caisse. "In addition to generating stable and predictable long-term returns, the projects will enable us to broaden our presence in a forward-looking sector - renewable energy - in Québec,
the United States."
About Invenergy Invenergy and its affiliated companies develop, own and operate large-scale renewable and other clean energy generation facilities in
North America and
North America's largest independent wind power generation company, Invenergy is committed to clean power alternatives and continued innovation in electricity generation. The company's home office is located in
Chicago and it has regional development offices throughout
the United States and in
Invenergy has developed nearly 7,000 MW of clean energy projects that are in operation, in construction, or under contract, including 47 wind, 3 solar, and 6 thermal power facilities. For more information, please visit
About the Caisse de dépôt et placement du Québec The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at
December 31, 2011, it held
$159.0 billion in net assets. As one of
Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information:
SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC