Caisse buys almost 25% stake in Invenergy Wind for undisclosed price


MONTREAL – Quebec’s largest pension fund manager is acquiring a 24.7 per interest in Invenergy Wind, a leading company in the North American wind power industry.

The Caisse de depot et placement du Quebec did not say how much it paid for its share of the company, which operates and develops clean-energy projects totalling more than 5,000 megawatts.

Invenergy remains the majority controlling shareholder, the Caisse said in announcing the investment Thursday.

“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,” said Macky Tall, senior vice-president, private equity and infrastructure at the Caisse.

“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, the 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 on the Gaspe peninsula. In April it added a second Quebec wind farm to the portfolio by investing $42 million in the Parc des Moulins wind energy project at Thetford Mines.

The Caisse is one of Canada’s largest money managers, overseeing funds for Quebec’s public and private sector pensions and insurance plans.

6 comments on “Caisse buys almost 25% stake in Invenergy Wind for undisclosed price

  1. not if they definitely dont treatment about our survival which they dont it could be bullshit but when it does occur it might likely be somthing such as this . NO warning by any means, thats why the many main governments on the environment are actually constructing underground bunkers which in all probability want function anyway

  2. Oh no! I are unable to make it and I am so sad! I actually want to go but the girls are throwing me a planning away party that night at Angie’s. And i need so much clothes for my new job. So bummed. Anyway, have a very blast and that i would go together with the dress its fab! XOXO

  3. Dude.. I’m not substantially into studying, but somehow I obtained to go through lots of guide material along with your online website. Its awesome how attention-grabbing it truly is for me to go to you pretty frequently.