La Caisse invests $307m in QIC-backed Renewa
Make us a preferred source
Make us a preferred source on Google
The news: Global investment group La Caisse (formerly CDPQ) has made a USD200 million ($307 million) primary equity commitment in QIC-backed 'land under infrastructure' company Renewa.
The numbers: La Caisse's investment, as well as other new debt commitments, takes Renewa's total funding commitments to more than USD750 million since its inception.
The context: Queensland government's investment company QIC acquired Renewa in 2022. Renewa provides long-term capital solutions to landowners and renewable energy project developers in the US, and currently supports 75 renewable operators across 30 US states.
What they said: “QIC-backed Renewa is unlocking a critical piece of the renewable energy puzzle: access to land,” said Emmanuel Jaclot, executive vice president and head of infrastructure at La Caisse.
“Given the scale and reach of our global renewable energy projects, we see opportunities with their model.
“With this investment from our sustainable land management strategy, we hope to accelerate the development of key infrastructure while safeguarding ecosystems and managing local stakeholders.”
The source: QIC media release
