The Caisse de dépôt et placement du Québec is investing in a European power producer alongside EIG Global Energy Partners.
The €450 million commitment to ILOS Projects builds on the initial €250 million tranche provided by EIG and reflects continued investor support for ILOS’s platform, portfolio quality and execution capabilities, according to a press release.
“This transaction reflects our confidence in the quality of ILOS’ platform and aligns with our focus on high-quality renewable power assets across Europe,” said Jérôme Marquis, managing director and head of private credit at the Caisse, in the press release. “By supporting the expansion of solar capacity amid rising energy demand, we are directing capital toward essential infrastructure, alongside partners with a strong track record.”
In other news, the Ontario Teachers’ Pension Plan is part of a deal that will create a privately held U.S.-based land and mineral royalty company.
The deal will see the Ontario Teachers’ and partner Orion Resource Partners LP sell shares in Sweetwater Royalties to facilitate a merger with Uranium Royalty Corp. Upon completion of the transaction, the Ontario Teachers’ and Orion will receive nearly US$330 million in cash and will hold respective interests of 16 per cent and 43 per cent.