CDPQ Investments Inc. is seeking the approval of the Federal Energy Regulatory Commission to boost its equity stake in Invenergy Renewables LLC, formerly known as Invenergy Wind LLC.
According to a June 8 application to FERC, Invenergy Wind Holdings will sell 3.07% of its membership interests in Invenergy Renewables to CDPQ Investments. Upon deal close, Invenergy Wind Holding's ownership in Invenergy Renewables will decrease to 50.7% while CDPQ Investments' interest will increase to 30.16% from 27.09%.
Invenergy Renewables wholly or partially owns the following generation and transmission facilities: the 100.5-MW Beech Ridge, the planned 52.5-MW Beech Ridge II, the 32-MW Beech Ridge Energy Storage, the planned 136-MW Bishop Hill III, the 28-mile Bishop Hill Interconnection, the 200.48-MW Buckeye, the 129.35-MW Forward, the 210-MW Grand Ridge wind energy center, the 32.4-MW Grand Ridge Battery Projects, the 110.4-MW Gratiot County I, the Gratiot County Wind II, the 27-MW Invenergy TN, the 135-MW Judith Gap Wind, the 73.39-MW Prairie Breeze II, the 35.8-MW Prairie Breeze III, the 112.5-MW Sheldon, the 60-MW Spring Canyon I, the 93.96-MW Stony Creek, the 90-MW Vantage, the 72-MW Willow Creek, the 64.5-MW Wolverine Creek and the Wolverine Creek Goshen Interconnection.
CDPQ Investments is a wholly owned subsidiary of Caisse de dépôt et placement du Québec, which manages public and private pension funds in the province of Québec.
The commission was requested to issue an order by July 10. (FERC docket EC17-128)