Invenergy, which describes itself as North America's largest privately held renewable energy company, today announced "significant" new equity transactions with institutional investors Caisse de dépôt et placement du Québec (CDPQ) and AMP Capital.

With respect to both transactions, Invenergy will maintain day-to-day management of the business, and proceeds will be used to reduce company debt and increase Invenergy's financial resources.

Having initially invested in 2013 in wind farms operated by Invenergy Renewables LLC, CDPQ acquired the following year a direct stake in the company. With the transaction announced today, CDPQ increases its stake and will have a 52.4% economic ownership in Invenergy Renewables, while Invenergy will continue to be the managing member of the company.

In a separate transaction, Invenergy Clean Power LLC, Invenergy's natural gas generation holding company, has entered into a 50/50 partnership with global investment manager AMP Capital to invest in an operating and development portfolio of natural gas power generation facilities across the United States, Canada and Mexico. Invenergy's Energía del Pacífico and Clear River Energy Center projects are not included in the partnership.

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Invenergy   M&A  

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