The companies did not reveal how large an ownership stake the Caisse will have in the 1.5GW portfolio, which includes 11 US and two Canadian projects. It said Invenergy will remain the majority shareholder.
"In addition to generating stable and predictable long-term returns, the projects will enable us to broaden our presence in a forward looking sector - renewable energy - in Québec, Canada and the United States," said Macky Tall, the Caisse’s senior vice-president of infrastructure.
The Caisse provided C$25 million in debt financing for the 272MW Seigneurie de Beaupré Wind Farm, under construction in Quebec. Last year it spent around C$100 million to take a 10% equity stake in Quebec-based wind developer Innergex Renewable Energy Inc.
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