La Caisse (formerly CDPQ) committed USD 200m in primary equity to Renewa to scale access to land critical for clean energy infrastructure across the United States, according to a press release.

Renewa supports renewable energy developers and landowners by providing long-term capital solutions, enabling deployment of solar, wind, and storage projects. With this investment and new debt financing, Renewa has now secured over USD 750m in total funding since its inception in 2022.

La Caisse made the investment through its Sustainable Land Management strategy, launched in 2020 to support land-focused infrastructure assets with long-term environmental and social benefits.

NPM first reported in May 2024, that Renewa was looking to raise additional debt financing to support its platform.

Renewa owns or leases land under more than 140 major clean energy assets, representing approximately 26 GW of renewable energy capacity. The company has rapidly expanded from serving 16 operators in 4 states to over 75 renewable energy players across 30 U.S. states, including California, Arizona, Colorado, Illinois, Indiana, New York, Ohio, Virginia, and Nevada.

Notable partners include leading independent power producers such as Acciona, AES, Deriva, Enbridge, Enel Green Power, Invenergy, Lightsource bp, Pattern Energy, SB Energy, Strata Clean Energy, Swift Current Energy, and TotalEnergies.

QIC and Renewa received legal and financial advice from Orrick, Herrington & Sutcliffe and Guggenheim Securities, respectively. Eversheds Sutherland and Hogan Lovells served as legal and tax counsel to La Caisse.