– La Caisse (formerly CDPQ) finalized the privatization of Innergex Renewable Energy Inc., marking a significant step in the company’s growth as a top Canadian renewable energy platform.
– La Caisse completed a syndication process initiated at the time of the transaction’s announcement, intending to syndicate up to 20% of its investment in Innergex.
– The syndicate includes several Québec institutions, such as:
▪️Investissement Québec
▪️Desjardins Global Asset Management
▪️Fondaction
– The syndication also involved international investors, including 14 Swiss institutional investors who joined the Québec-led group.
– Emmanuel Jaclot, EVP and Head of Infrastructure at La Caisse, emphasized the importance of long-term aligned investors and said that privatization will give Innergex greater financial agility to accelerate project development.
– Michel Letellier, President and CEO of Innergex, highlighted this new phase as a transformational alliance that supports growth and the development of renewable energy projects locally and globally.
– La Caisse remains the lead shareholder and will continue to support Innergex’s long-term international growth strategy, leveraging its diversified asset portfolio and global renewable energy expertise.
