The Canadian Press - ONLINE EDITION

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

  • Print

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.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Maria Aragon performs new single "Nothing but a Beat"

View more like this

Photo Store Gallery

  • Two baby tigers were unveiled at the Assiniboine Park Zoo this morning, October 3rd, 2011. (TREVOR HAGAN/WINNIPEG FREE PRESS)
  • A gaggle of Canada geese goslings at Woodsworth Park in Winnipeg Monday- See Project Honk Day 05- May 07, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What do you think of the new school-zone speed limit?

View Results

View Related Story

Ads by Google