Canadian investment fund La Caisse has concluded the privatisation of Innergex Renewable Energy – a milestone in the expansion of one of Canada's foremost renewable energy platforms.
The syndication process initiated at the early announcement of this transaction has also been finalised, aligning with its previously declared goal to distribute up to 20% of its invested capital to Innergex investors who are aligned with its perspective on the company's future expansion.
The initiative drew notable Québec institutions such as Investissement Québec, Desjardins Global Asset Management and Fondaction, alongside 14 Swiss institutional investors.
La Caisse infrastructure head executive vice-president Emmanuel Jaclot stated: “Innergex is a Canadian renewable energy leader and plays a key role in the energy transition. To shift into a higher gear, the company needed shareholders aligned with its long-term potential, protected from stock market cycles. That’s why we brought together a syndicate of Québec and international investors who share this vision.
“This privatisation immediately provides Innergex with increased financial agility to accelerate the development of large-scale projects. It reflects Innergex’s potential and Québec’s leadership in the energy transition.”
As principal shareholder, La Caisse will continue its support for Innergex’s strategic growth endeavours across various geographies.
In addition to its commitment towards renewables through Innergex, La Caisse has partnered with Amber Infrastructure from Britain to become a major private investor in Britain's Sizewell C nuclear project, as reported by Reuters citing French newspaper Les Echos.
A decision on the investment is anticipated on Tuesday, 22 July 2025 if proceedings remain favourable.
These private investors are projected to contribute between 25% and 30% of capital requirements for Sizewell C — a project whose costs have surged since initial estimates.
Britain's government remains actively involved with a pledge of £17.8bn towards Sizewell C, but continues seeking additional investors for financial reinforcement.
In recent developments, US-listed Brookfield is poised to acquire a more-than-20% stake in exchange for funding plant development, while British utility Centrica may also participate.
French nuclear giant EDF plans an investment of £1.1bn ($1.48bn), which would secure it a 12.5% shareholding stake within Sizewell C’s framework.
Amber Infrastructure and Brookfield did not offer immediate comments upon enquiry, while La Caisse, alongside EDF and UK government representatives, chose not to comment on ongoing proceedings.
