Redaptive Secures $650M Credit Facility to Propel EaaS Platform Growth
Deal News | May 08, 2025 | CDPQ
Redaptive, a prominent Energy-as-a-Service (EaaS) provider, has secured a $650 million credit facility from CDPQ and Nuveen to enhance its platform. This funding supports large-scale deployments of energy efficiency and generation solutions, helping enterprises reduce operating costs and carbon emissions. The support from CDPQ and Nuveen underscores the confidence in Redaptive's innovative approach, combining flexible financial solutions with AI-driven analytics to boost sustainability. With this facility, Redaptive aims to expand its reach across the U.S., Canada, and Europe, offering solutions like HVAC upgrades, LED lighting, solar energy, and more.
Sectors
- Energy
- Financial Services
- Technology
Geography
- USA – Redaptive is planning to expand its operations and offerings across the United States.
- Canada – The credit facility provides coverage for Redaptive to extend its services into Canada.
- Europe – Redaptive's deployment includes expansions into certain European jurisdictions as stated in the article.
Industry
- Energy – The article centers on Redaptive's Energy-as-a-Service platform aimed at improving energy efficiency and sustainability.
- Financial Services – CDPQ and Nuveen are key financial backers in providing the credit facility for the expansion.
- Technology – The use of AI-powered insights and proprietary metering technology in Redaptive’s platform highlights the technology sector's relevance.
Financials
- $650 million – The total credit facility amount secured from CDPQ and Nuveen for expanding Redaptive's EaaS platform.
- CAD 903 million – The approximate equivalent of the $650 million credit facility in Canadian dollars.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Redaptive | Target Company | Company | Redaptive is a leading Energy-as-a-Service provider focused on reducing energy costs and enhancing sustainability for large enterprises. |
| CDPQ | Investor | Company | CDPQ is a global investment group that has provided a significant portion of the $650 million credit facility. |
| Nuveen | Investor | Company | Nuveen is the investment manager of TIAA and has co-provided the $650 million credit facility. |
| Matt Gembrin | CFO | Person | Chief Financial Officer of Redaptive, emphasizing the importance of the new credit facility. |
| Arvin Vohra | CEO | Person | Chief Executive Officer of Redaptive, expressing gratitude and future plans for expansion. |
| Don Dimitrievich | Head of Energy Infrastructure Credit | Person | Head of Nuveen's Energy Infrastructure Credit business, commenting on the strategic importance of the investment. |