CDPQ and Fonds FTQ back Énergir's renewable energy projects and resilience plan with new investment
CDPQ and the Fonds de solidarité FTQ have announced a $575m investment in Énergir to support its growth and advance its decarbonization and climate resilience plan.
This funding will help Énergir implement its strategy, which includes developing renewable energy projects, building renewable natural gas production plants, and expanding dual energy initiatives in Québec.
The Zero Outages Initiative of its subsidiary, Green Mountain Power, in Vermont is also part of this strategy.
Emmanuel Jaclot, CDPQ’s executive vice-president and head of Infrastructure, emphasized CDPQ’s long-standing support for Énergir, dating back to 2004.
He stated, “Supporting the growth and energy transition of our portfolio companies, particularly in Québec, is a central element of CDPQ's strategy, and Énergir is a key example of this.”
Jaclot affirmed the partnership with Fonds de solidarité FTQ to help Énergir grow, diversify, and decarbonize to contribute to a greener economy.
Gilles Poulin, vice-president of Private Equity and Impact Investing at the Fonds de solidarité FTQ, highlighted the role of this investment in Québec's decarbonization.
“Énergir has a plan to accelerate Québec's energy transition. This new investment will support the renewable natural gas sector, reducing greenhouse gas emissions from fossil fuels,” said Poulin.
This investment from CDPQ and Fonds de solidarité FTQ reinforces their commitment to supporting Énergir’s mission to enhance energy sustainability and further the decarbonization of the North American economy.
Énergir, a diversified energy company with over $10bn in assets, serves 535,000 customers and focuses on sustainable energy, particularly renewable sources.
