On July 15, 2025, QIC and La Caisse (formerly CDPQ) announced that La Caisse has made a primary equity commitment of US$200 million (approximately C$273 million) in Renewa, a U.S.-based land under infrastructure company focused on renewable energy. The investment gives La Caisse a stake in Renewa, supporting its expansion across North America. Including this investment and new debt commitments, Renewa has secured over US$750 million (approximately C$1.02 billion) in total funding since its founding in 2022.

Renewa owns or leases land beneath more than 140 renewable energy assets, with exposure to projects totaling approximately 26 GW. Its model provides long-term capital solutions for landowners and developers of clean energy projects, addressing the estimated need for over 20 million acres to support solar, wind, and energy storage facilities in the U.S. The company’s footprint spans every major U.S. power market and includes operations in 30 states, working with major IPPs and developers such as Enbridge, Pattern Energy, Lightsource bp, and Total Energies.

Orrick, Herrington & Sutcliffe LLP acted as legal counsel and Guggenheim Securities served as exclusive financial advisor to QIC and Renewa. Eversheds Sutherland and Hogan Lovells provided legal and tax counsel to La Caisse. The investment aligns with La Caisse’s sustainable land management strategy and supports the build-out of renewable infrastructure while preserving ecosystems and stakeholder interests.