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La Caisse to buy Australia’s Edify Energy for $1B, boosting solar and battery projects.
La Caisse, formerly CDPQ, has agreed to acquire Edify Energy, an Australian renewable energy and battery storage company, in a deal worth about CAD 1 billion (AUD 1.1 billion).
The investment will support two ready-to-build solar and battery projects totaling 900 MW / 3,600 MWh for Rio Tinto and the Australian government, as well as Edify’s broader pipeline of over 11 GW in renewable and storage projects.
Since 2015, Edify has developed more than 1.1 GW of utility-scale solar and battery capacity across Australia, powering over 280,000 homes and delivering over AUD 2 billion in investment.
Known for pioneering Australia’s first utility-scale solar and battery project, Edify specializes in the full lifecycle of renewable projects.
La Caisse cited Edify’s innovation, team, and track record as key factors, emphasizing its commitment to accelerating Australia’s clean energy transition through long-term capital and sustainability expertise.
The deal is pending regulatory and change-of-control approvals.
La Caisse comprará Edify Energy de Australia por $ 1B, impulsando proyectos solares y de baterías.