Canadian pension fund La Caisse has invested US$200 million for a stake in Renewa, a US firm that provides long-term capital solutions to landowners and developers of renewable energy projects.
Houston-based Renewa is backed by Queensland Investment Corporation (QIC), an investment company owned by the government of Australia’s Queensland state.
La Caisse, formerly known as Caisse de dépôt et placement du Québec, announced its investment in a statement on July 15 without disclosing the percentage stake acquired. The pension fund made the investment through the sustainable land management initiative within its infrastructure portfolio.
“QIC-backed Renewa is unlocking a critical piece of the renewable energy puzzle: access to land. Given the scale and reach of our global renewable energy projects, we see opportunities with their model,” according to Emmanuel Jaclot, executive vice president and head of infrastructure at La Caisse.
“With this investment from our sustainable land management strategy, we hope to accelerate the development of key infrastructure while safeguarding ecosystems and managing local stakeholders,” he adds.
With the pension fund’s investment, Renewa has now secured more than $750 million of funding commitments since QIC invested in the firm in 2022.
La Caisse, which manages public pension plans and insurance schemes in the province of Quebec, had C$473 billion ($344 billion) of assets under management as of end-2024.
