Invenergy LLC, a closely held renewable-energy developer, received a $500 million equity investment from the institutional fund manager Caisse de Depot et Placement du Quebec for 13 operating wind farms.
The power plants have total capacity of about 1,500 megawatts, the Chicago-based developer said today in a statement. Two are in Canada and 11 are in the U.S, including the 138.6-megawatt Le Plateau wind farm in Quebec’s Gaspesie region, which sells all of its electricity to the provincial utility Hydro-Quebec.
Invenergy is retaining a majority stake in all of the wind farms, according to the statement. The names of the other projects weren’t disclosed.
“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,” Macky Tall, senior vice president of infrastructure at Caisse, said in the statement.
To contact the reporter on this story: Andrew Herndon in San Francisco at firstname.lastname@example.org
To contact the editor responsible for this story: Reed Landberg at email@example.com