The investment, which is in the form of an eight-year unsecured subordinated loan, represents a doubling of the Quebec public pension fund’s debt financing with the company. Fondaction, the investment arm of Quebec-based union federation CSN, contributed an additional $50 million to the deal. (The Logic)
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The investment, which is in the form of an eight-year unsecured subordinated loan, represents a doubling of the Quebec public pension fund’s debt financing with the company. Fondaction, the investment arm of Quebec-based union federation CSN, contributed an additional $50 million to the deal. (The Logic)
Talking point: The Caisse has been a Boralex investor since 2017, when it acquired a 17.3 per cent interest in the company. The investment is part of the pension fund manager’s strategy to increase its energy transition investments to $400 billion by 2030. Boralex, which has renewable power generating facilities in Canada, the U.S., France and the U.K., has set a target to more than double its installed capacity to seven gigawatts by 2030.
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