La Caisse Buys Almost 25% Stake in Invenergy Wind for Undisclosed Price

La Caisse announced that it is acquiring a 24.7% interest in Invenergy Wind, one of the leading stakeholders in the North American wind power industry. The company, which operates and develops clean-energy projects, totalling more than 5,000 MW, remains the majority controlling shareholder.

"As soon as we began discussions with Invenergy over two years ago, our objective was to build a long-term partnership," said Macky Tall, Senior Vice-President, Private Equity and Infrastructure at La Caisse. "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. 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, La 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, in Gaspésie. In April 2014, La Caisse added a second Québec wind farm to the portfolio by investing $42 million in the Parc des Moulins wind energy project at Thetford Mines.
Following today's transaction, approved by the relevant U.S. regulatory authorities, La Caisse becomes a minority shareholder of the operating company.

La Caisse 
www.lacaisse.com