Canada's second-largest public pension fund, Caisse de dépôt et placement du Québec (CDPQ), which is also known in English-language media as La Caisse, announced it has provided Ontario-based rooftop solar power producer Potentia Renewables with 107 million CA$ ($78.0 million) in debt-funding.
La Caisse said Potentia Renewables will use the funds to develop additional solar projects throughout several locations in Canada on the rooftops of schools and commercial and industrial locations. Potentia Renewables also revealed that the money will be used to invest in its large platform of solar and wind development projects in North America and abroad, without providing further details.
Potentia Renewables has installed 569 PV systems with a combined capacity of 97 MW under Ontario’s FIT scheme to date.
Popular content
La Caisse has so far invested in wind power projects across North America and in Western Europe, and in renewable energy and solar projects in India. In March 2016, the company announced a $150 million commitment to target hydro, solar, wind and geothermal power assets, “with investments likely to take the form of select partnerships with leading Indian renewable energy companies.” Later in January 2017, La Caisse announced it acquired a 20% stake in Indian solar company Azure Power for $75 million.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.