Innergex Agrees to CA$10B Acquisition by CDPQ

White & Case LLP, a global law firm, played an advisory role for Caisse de dépôt et placement du Québec (CDPQ) regarding the French elements of their acquisition of Innergex Renewable Energy Inc. The agreement involves CDPQ acquiring all shares of Innergex, a transaction totaling an enterprise value of CA$10 billion. This includes Innergex's existing project-related debt, current debt, and the redemption of outstanding preferred shares and convertible debentures. The whole transaction has been unanimously approved by Innergex's Board of Directors but awaits shareholder approval and customary regulatory nods. Completion is expected by Q4 2025. Innergex Renewable Energy is an independent renewable power player, with a presence across Canada, the USA, France, and Chile, managing resources such as hydroelectric, wind, solar, and energy storage totaling a capacity of 4,663 MW.