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La Caisse Acquires Edify Energy in C$1 Billion Renewables Deal
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Bloomberg
Photo by Michael Förtsch on Unsplash
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Key takeaways
- La Caisse, the Canadian pension fund previously known as CDPQ, has finalized a binding agreement to acquire Edify Energy Pty Ltd
- , an Australian developer specializing in renewable energy and battery storage solutions
- The total investment is valued at approximately C$1 billion (US$725 million)
La Caisse, the Canadian pension fund previously known as CDPQ, has finalized a binding agreement to acquire Edify Energy Pty Ltd., an Australian developer specializing in renewable energy and battery storage solutions. The total investment is valued at approximately C$1 billion (US$725 million).
This strategic investment encompasses the acquisition of Edify Energy and will also fund equity for two solar-and-battery projects that are ready for construction. Both of these projects have secured off-take agreements with Rio Tinto Ltd. and the Australian government.
Related Topics
renewable energybattery storageAustraliaacquisitionLa CaisseEdify Energyinfrastructure investmentclean energy
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