La Caisse acquires a 24.7% stake in U.S.-based Invenergy Wind

La Caisse acquires a 24.7% stake in U.S.-based Invenergy Wind

Canada NewsWire

MONTREAL, July 10, 2014 /CNW Telbec/ – La Caisse announced today that it
is acquiring a 24.7% interest in Invenergy Wind, one of the leading
stakeholders in the North American wind power industry. The company,
which operates and develops clean-energy projects, totalling more than
5,000 MW, remains the majority controlling shareholder.

“As soon as we began discussions with Invenergy over two years ago, our
objective was to build a long-term partnership,” said Macky Tall,
Senior Vice-President, Private Equity and Infrastructure at La Caisse.
“When we first invested in the company’s wind farms, we were impressed
by the strong management team and the quality of the projects in the
portfolio. With this transaction, we continue to strengthen our
partnership and increase our exposure to the United States, a promising
market for years to come.”

In early 2013, La Caisse acquired a minority interest in an Invenergy
wind farm portfolio, comprised of 11 projects in the United States and
two in Canada, including Le Plateau, in Gasp sie. In April 2014, La
Caisse added a second Qu bec wind farm to the portfolio by investing
$42 million in the Parc des Moulins wind energy project at Thetford
Mines
.

Following today’s transaction, approved by the relevant U.S. regulatory
authorities, La Caisse becomes a minority shareholder of the operating
company.

ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
La Caisse de d pôt et placement du Qu bec is a financial institution
that manages funds primarily for public and parapublic pension and
insurance plans. As at December 31, 2013, it held $200.1 billion in net
assets. As one of Canada’s leading institutional fund managers, La
Caisse invests in major financial markets, private equity,
infrastructure and real estate, globally. For more information: www.lacaisse.com.

SOURCE Caisse de d pôt et placement du Qu bec

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