Investment firm La Caisse pours $200m into QIC-supported venture Renewa
Renewa, a specialist in acquiring or leasing land beneath clean energy infrastructure, has secured a significant investment from La Caisse, a Canadian pension fund manager with approximately CAD 473 billion in assets under management.
The investment, announced on 15th July 2023, marks a strategic partnership for Renewa, with co-founders and co-CEOs, Stephen Lee and Gage Mooring, welcoming La Caisse as a partner. They highlighted the importance of land capital solutions for the energy transition, emphasizing that the investment will "accelerate the development of key infrastructure while safeguarding ecosystems and managing local stakeholders."
Emmanuel Jaclot, executive vice-president and head of infrastructure at La Caisse, expressed his excitement about the investment, stating, "This investment will help us to contribute to the growth of the renewable energy sector, while ensuring that it is developed responsibly and sustainably."
Renewa currently holds land interests under more than 140 renewable energy assets across the United States. These assets represent around 26GW of clean energy capacity, with major developers in its network including Enel Green Power, Lightsource bp, and Invenergy.
The investment from La Caisse is expected to support Renewa's expansion, as the company aims to play a crucial role in the modernization of US energy infrastructure. Estimates suggest that more than 20 million acres will be needed to achieve this goal, and Renewa's network, which has expanded to over 75 operators across 30 states since QIC's acquisition in 2022, is well-positioned to contribute to this effort.
Since its inception in 2022, Renewa's total funding commitments have surpassed $750m. With the addition of La Caisse's investment, the company is poised to continue its growth and make a significant impact in the renewable energy sector.
[1] ReNew, a leading decarbonization solutions company in India, has recently expanded its clean energy portfolio to 18.5 GW as of March 31, 2025. However, it is important to note that Renewa is a separate entity and not related to ReNew.
[3] Source: ReNew's official website.
This significant investment from La Caisse, a Canadian pension fund manager, will contribute to Renewa's finance for the expansion of their clean energy infrastructure, playing a crucial role in the modernization of the US energy sector. With the addition of La Caisse's investment, Renewa's total funding commitments have surpassed $750m, positioning the company to continue its growth and make a significant impact in the renewable energy sector.
