On September 22, 2025, La Caisse, a global investment group formerly known as CDPQ, entered into binding agreements to acquire Edify Energy, an Australian renewable energy and battery storage company. The transaction, together with additional equity capital, represents a total investment of approximately CAD 1 billion (AUD ≈1.1 billion), based on the exchange rate at the time of announcement. The funding will support the acquisition of Edify and provide equity for two integrated solar and battery energy storage system (BESS) hybrid projects totaling 900 MW / 3,600 MWh, with offtake agreements in place with Rio Tinto and the Commonwealth of Australia. The investment will also contribute to Edify’s pipeline of over 11 GW in hybrid and battery storage projects.

Completion of the acquisition is subject to customary regulatory and change-of-control approvals.

La Caisse was advised by ICA Partners (financial) and Clifford Chance (legal), while Edify was advised by Lazard Australia (financial) and Herbert-Smith Freehills Kramer (legal).