electricity – Benefits Canada.com

Caisse buying 25% stake in U.K. electricity firm, investing in forestland portfolio

bmcgovern — Fri, 27 Sep 2024 19:00:15 +0000

The Caisse de dépôt et placement du Québec is acquiring a 25 per cent stake in U.K.-based First Hydro Co. alongside Brookfield Asset Management and its renewables affiliate. While the financial details of the transaction weren’t disclosed, the deal is expected to close by the end of the year, according to a press release. Global […]

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Caisse investing in U.S.-based utilities firm, BCI backing acquisition of India-based communications infrastructure provider

bmcgovern — Fri, 20 Sep 2024 19:00:21 +0000

The Caisse de dépôt et placement du Québec is buying a 30 per cent indirect stake in the Ohio subsidiary of energy firm AES Corp. for nearly US$546 million. This is the Caisse’s second investment in the utilities company, after first investing in AES Indiana. The investment doesn’t grant the Caisse with a change in […]

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Are AI’s energy demands impacting the appeal of data centres to institutional investors?

bmcgovern — Tue, 13 Aug 2024 13:00:22 +0000

The demand for artificial intelligence is leading to increased energy usage by data centres and creating a link between the two assets, says Matthew Mendes, managing director and head of infrastructure at the Investment Management Corp. of Ontario. “The growth is different than it was before — [there’s] more hyperscale companies coming into the mix. […]

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CPPIB investing €550M in European digital solutions provider, Caisse buying Brazilian power transmission platform

bmcgovern — Fri, 12 Jul 2024 19:00:07 +0000

The Canada Pension Plan Investment Board is investing €550 million in Europe-based team.blue to acquire a 20 per cent interest in the firm. The total transaction gives team.blue a valuation of €4.8 billion. The digital solutions provider serves 3.3 million small- and medium-sized businesses across 22 countries. In a press release, Hafiz Lalani, managing director […]

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2024 Global Investment Conference: Global energy interests posing challenges to institutional investors’ net-zero targets

bmcgovern — Mon, 10 Jun 2024 11:59:47 +0000

Global powerhouses China and India will continue to heavily bet in oil and gas opportunities due to projected demand, despite the global push for green energy, said John Sitilides, senior fellow for national security at the Foreign Policy Research Institute, during the keynote session at the Canadian Investment Review’s 2024 Global Investment Conference in April. […]

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Feds seeking to boost domestic investments by Canadian institutional investors: budget

bmcgovern — Wed, 17 Apr 2024 13:00:53 +0000

In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former Bank of Canada governor Stephen Poloz is being tasked to lead an organization that will identify priority investment opportunities in the country for the more than $3 trillion held by […]

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IMCO returns 5.6% for 2023, driven by public equities

bmcgovern — Thu, 11 Apr 2024 13:00:26 +0000

The Investment Management Corp. of Ontario is reporting a net return of 5.6 per cent for 2023, with net assets increasing to $77.4 billion. The investment organization’s year-end report found public equities returned 18 per cent in 2023, followed by global credit (7.7 per cent), fixed income (5.9 per cent), private equity (5.7 per cent), […]

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Hydro-Quebec’s $185 billion expansion plan getting institutional investor attention: report

bmcgovern — Wed, 27 Mar 2024 19:00:12 +0000

A new $185 billion plan by Hydro-Quebec to build out increased power capacity is gaining attention from institutional investors, according to a report by Bloomberg. Michael Sabia, chief executive officer at Hydro-Quebec, said he’s confident in finding the right partners to help tackle the new project, which was announced last November and is designed to […]

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Institutional investors increasing U.S. power generation assets amid concerns of energy independence: webinar

lbailey — Thu, 07 Sep 2023 16:00:45 +0000

Amid concerns of energy independence and rising costs, institutional investors are increasing their investments in U.S. power plants and electricity-generating assets, said Aleksandar Andonov, associate professor of finance at the University of Amsterdam, during a webinar hosted by the International Centre for Pension Management. Andonov shared the results of a study he conducted in partnership […]

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Caisse co-investing in sustainable energy, AIMCo acquiring U.K. warehouses

Gideon Scanlon — Thu, 16 Dec 2021 14:00:24 +0000

The Caisse de dépot et placement du Québec is entering a co-investment collaboration targeting ventures in the sustainable energy sector. The three-year agreement between the Caisse and the BP-owned investment firm BP Ventures has already resulted in an investment in Bridge to Renewables Inc., which is developing software infrastructure to enable electric vehicles to interact with […]

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