Canada’s CDPQ commits £150 million debt investment for Lightsource solar assets

By Rebecca Melvin

New York, May 13 – Caisse de depot et placement du Quebec (CDPQ) and Lightsource BP announced a debt investment of £150 million to finance a portfolio of solar assets, owned and managed by Lightsource, according to a news release on Monday.

The facility will initially be used to finance a portfolio of more than 100 solar projects in various countries, totaling more than 700 MW.

CDPQ announced at the end of March that it had raised its 2020 low-carbon asset under management target to $32 billion from $26 billion. This initiative is part of CDPQ's investment strategy to address climate change and capture opportunities from the transition to a low-carbon economy.

Based in Quebec, CDPQ is an institutional investor with C$309.5 billion in net assets. London-based Lightsource is a solar project funding and development company with operations in the Middle East and Africa, Asia Pacific and the Americas.

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