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La Caisse to Acquire Edify Energy in About C$1 Billion Deal to Fund Two Solar-Storage Projects

Closing remains subject to customary regulatory approvals.

Overview

  • Binding agreements will see La Caisse buy Edify and provide equity to deliver two ready-to-build hybrid projects totaling 900 MW of generation and 3,600 MWh of storage.
  • Power from the new projects has secured offtakes with Rio Tinto and the Commonwealth of Australia.
  • The commitment is intended to accelerate execution across Edify’s development pipeline of more than 11 GW of hybrid and battery storage projects.
  • Edify, founded in 2015, has completed 11 projects totaling over 1.1 GW and pioneered Australia’s first utility‑scale solar‑plus‑battery project in 2018.
  • La Caisse identifies Australia as a priority market, with existing stakes in assets such as Sydney Metro, Port of Brisbane, and Transgrid.