June 16, 2025

Canadian pension fund CDPQ cleared to acquire Innergex Renewable Energy

Innergex Renewable Energy’s U.S. portfolio includes assets in PJM, WACM, and NYISO.

Green Energy Acquisition: Caisse de dépôt et placement du Québec (CDPQ) was cleared by FERC to acquire Innergex Renewable Energy Inc., according to a June 11 order. The transaction will result in Innergex delisting from the Toronto Stock Exchange and becoming a privately held company under CDPQ's control. Government-owned corporation Hydro-Québec was the largest shareholder, with 20% of Innergex’s common ...

Details:

Filing Date: June 11, 2025

Docket Numbers:

EC25-69

Short Summary:

Caisse de dépôt et placement du Québec (CDPQ) was cleared by FERC to acquire Innergex Renewable Energy Inc., according to a June 11 order. The transaction will result in Innergex delisting from the Toronto Stock Exchange and becoming a privately held company under CDPQ’s control. Government-owned corporation Hydro-Québec was the largest shareholder, with 20% of Innergex’s common stock.

Impact Level:

Categories:

Energy Project & Infrastructure

Tags: Acquisitions & Dispositions, Hydropower, Solar, Transmission Projects, Wind

Entities: Caisse de dépôt et placement du Québec, Hydro-Québec (HQ)

Markets: New York Independent System Operator (NYISO), PJM Interconnection (PJM)

Regions: Mid-Atlantic & Midwest, Northeast, West

States: New York, Ohio, Wyoming

Regulators: FERC

Courts:

Documents:

Acquisitions & Dispositions – Application – Order Approving