The investment will support the Australian company’s pipeline of hybrid and battery storage projects
Quebec-based La Caisse (formerly CDPQ), one of Canada’s largest pension funds, has signed binding agreements to acquire Edify Energy, one of Australia’s most prominent renewable energy and battery storage developers, in a transaction valued at approximately CAD $1 billion, including further equity commitments.
The deal marks a significant expansion of La Caisse’s infrastructure portfolio in the Asia-Pacific region. La Caisse, which manages $496 billion in net assets as of June 30, 2025, has made infrastructure and energy transition investments a core part of its long-term allocation strategy.
“Our acquisition of Edify highlights the track record and expertise of its team and a commitment to Australia’s clean energy future,” said Emmanuel Jaclot, EVP and head of infrastructure and sustainability at La Caisse, in a statement.
“With our long-term capital and sustainability expertise, Edify will accelerate the delivery of large-scale renewable and storage projects that strengthen the grid and advance decarbonization,” he added.
The transaction notably adds to the fund’s growing portfolio of renewable infrastructure investments in key global markets.
The deal also includes capital earmarked to fund two integrated solar-plus-storage projects totaling 900 MW / 3,600 MWh, developed for offtake partners Rio Tinto and the Commonwealth of Australia.
Pending regulatory and change-of-control approvals, the deal provides Edify with the financial backing needed to scale execution across its 11 GW pipeline of renewable and battery energy storage system (BESS) projects.
Founded in 2015 by John Cole, Edify has developed and financed over 1 GW of utility-scale renewable energy projects, including Australia’s first co-located solar and storage installation, according to a press release.
The company maintains a “full lifecycle” approach, from development through to long-term operational asset management, across a growing fleet of operational solar farms and BESS facilities in New South Wales, Queensland, and Victoria.
“The agreement with La Caisse is a pivotal moment for Edify, providing balance sheet strength to seriously ramp up Edify’s speed of execution of firm dispatchable green generators,” said John Cole, Edify’s founder and executive chairman. “In La Caisse, we have found the perfect owner to supercharge the business and take Edify’s enviable market position to the next level.”
