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Researched by Industrial Info Resources (Sugar Land, Texas)--The Caisse de dépôt et placement du Québec (CDPQ) (Québec City, Québec) picked up a 30% indirect equity interest in AES Ohio, following a US$546 million deal with AES Corporation (NYSE:AES) (Arlington, Virginia), with closing expected in the first half of 2025. AES Ohio joins a long list of U.S. and Canadian projects backed by CDPQ, concentrated in the power-generation and public infrastructure segments. Industrial Info is tracking more than US$10 billion worth of active and proposed projects from CDPQ, about US$3.3 billion of which are in the U.S.
Click on the image at right for a graph detailing CDPQ's active and proposed projects, by industry sector.
To date, CDPQ says it has invested US$149 billion in the U.S., which accounts for about 38% of its global portfolio. CDPQ already is a minority shareholder in AES US Investments, a subsidiary that owns AES Indiana.
Industrial Info is tracking more than US$260 million worth of active projects across Ohio from AES, most of which involve transmission-line upgrades and substation construction. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a list of detailed project reports.
AES said in a press release that it plans to invest more than US$1.5 billion through 2027 to improve system reliability across Ohio. Emmanuel Jaclot, the executive vice president at CDPQ, said: "AES has been an excellent partner of CDPQ for the last 10 years, and we've supported the company in the modernization and decarbonization of its operations at AES Indiana since then. We now embark on a new chapter in our relationship to support the growth plans of AES Ohio."
CDPQ's U.S. projects under construction include at least two big-ticket renewable-energy projects: the US$370 million Rock Creek II Wind Energy Center in Laramie, Wyoming, which is expected to generate 398 megawatts (MW) from 75 turbines provided by General Electric (NYSE:GE) (Boston, Massachusetts), and the US$300 million Boomtown Solar Farm in Burnt Prairie, Illinois, which is expected to generate 250 MW from more than 856,000 photovoltaic (PV) modules.
Both projects are managed by Invenergy Renewables Holdings LLC, which is co-owned by CDPQ and Invenergy (Chicago, Illinois). Both projects were bolstered by a $3 billion equity investment in Invenergy Renewables in 2022 from Blackstone Incorporated (NYSE:BX) (New York, New York). Subscribers can read detailed reports on the Rock Creek and Boomtown projects.
CDPQ and Invenergy also are proposing a two-phase windfarm in Towner, Colorado, which is designed for a total output of about 1 gigawatt (GW). The owners continue to seek permits for both phases; the 494.5-MW Towner East and the 503.2-MW Towner West could begin construction as early as summer 2026. Subscribers can read detailed reports on the Towner East and Towner West projects.
In its home province, CDPQ is heading up two high-value transportation-infrastructure projects that currently are slated to finish construction around the end of the year. A US$1.65 billion expansion at the Montreal Metropolitan Airport will be served by a US$1.4 billion light-rail transit buildout that includes more than 67 kilometers of new double track. The expanded, entirely automated system will connect four points--downtown Montréal, the South Shore, the West Island and the North Shore--to the airport, with 27 separate stops.
The engineering, procurement and construction (EPC) work for both projects is being handled by Groupe NouvLR, a Montreal-based consortium that includes SNC-Lavalin Group Incorporated (Montreal), Aecon Group Incorporated (Toronto, Ontario) and AECOM (NYSE:ACM) (Los Angeles, California), among others. Subscribers can read detailed reports on the airport expansion and light-rail additions.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects from CDPQ.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing CDPQ's active and proposed projects, by industry sector.To date, CDPQ says it has invested US$149 billion in the U.S., which accounts for about 38% of its global portfolio. CDPQ already is a minority shareholder in AES US Investments, a subsidiary that owns AES Indiana.
Industrial Info is tracking more than US$260 million worth of active projects across Ohio from AES, most of which involve transmission-line upgrades and substation construction. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a list of detailed project reports.
AES said in a press release that it plans to invest more than US$1.5 billion through 2027 to improve system reliability across Ohio. Emmanuel Jaclot, the executive vice president at CDPQ, said: "AES has been an excellent partner of CDPQ for the last 10 years, and we've supported the company in the modernization and decarbonization of its operations at AES Indiana since then. We now embark on a new chapter in our relationship to support the growth plans of AES Ohio."
CDPQ's U.S. projects under construction include at least two big-ticket renewable-energy projects: the US$370 million Rock Creek II Wind Energy Center in Laramie, Wyoming, which is expected to generate 398 megawatts (MW) from 75 turbines provided by General Electric (NYSE:GE) (Boston, Massachusetts), and the US$300 million Boomtown Solar Farm in Burnt Prairie, Illinois, which is expected to generate 250 MW from more than 856,000 photovoltaic (PV) modules.
Both projects are managed by Invenergy Renewables Holdings LLC, which is co-owned by CDPQ and Invenergy (Chicago, Illinois). Both projects were bolstered by a $3 billion equity investment in Invenergy Renewables in 2022 from Blackstone Incorporated (NYSE:BX) (New York, New York). Subscribers can read detailed reports on the Rock Creek and Boomtown projects.
CDPQ and Invenergy also are proposing a two-phase windfarm in Towner, Colorado, which is designed for a total output of about 1 gigawatt (GW). The owners continue to seek permits for both phases; the 494.5-MW Towner East and the 503.2-MW Towner West could begin construction as early as summer 2026. Subscribers can read detailed reports on the Towner East and Towner West projects.
In its home province, CDPQ is heading up two high-value transportation-infrastructure projects that currently are slated to finish construction around the end of the year. A US$1.65 billion expansion at the Montreal Metropolitan Airport will be served by a US$1.4 billion light-rail transit buildout that includes more than 67 kilometers of new double track. The expanded, entirely automated system will connect four points--downtown Montréal, the South Shore, the West Island and the North Shore--to the airport, with 27 separate stops.
The engineering, procurement and construction (EPC) work for both projects is being handled by Groupe NouvLR, a Montreal-based consortium that includes SNC-Lavalin Group Incorporated (Montreal), Aecon Group Incorporated (Toronto, Ontario) and AECOM (NYSE:ACM) (Los Angeles, California), among others. Subscribers can read detailed reports on the airport expansion and light-rail additions.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects from CDPQ.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
