Ontario Teachers’ and Utilities Trust of Australia (UTA)/Morrison & Co acquired The Infrastructure Fund (TIF)’s ownership stake in Sydney Desalination Plant (SDP) to own 100% of the plant lease
Industrial-grade batteries and UPS energy storage company Demand Power Group raised US $71M in equity and commitment of development and project finance from investors including Star America.
Caisse de dépôt et placement du Québec (CDPQ) increased stake in Azure Power Global Limited (NYSE: AZRE) to 50.9%
Hydro-Québec formed strategic alliance with Innergex Renewable Energy Inc. (TSX: INE) with $661M investment for 19.9% stake and committed $500M for co-investments
AI-powered energy analytics company Grid4C secured US $5M strategic investment from Alectra’s Util-Assist
British Columbia Investment Management Corporation (BCI) agreed to acquire a significant minority stake in Castik Capital controlled Waterlogic
Energy storage company e-Zn secured $3.4M seed funding from Energy Foundry, MaRS Investment Accelerator Fund, Sustainable Chemistry Alliance, and Emeraude Capital.
Portable Electric secured undisclosed non-dilutive financing from BDC Capital’s Growth & Transition Capital division.
Canada Pension Plan Investment Board to acquire Pattern Energy Group for $6.1B from PSP Investment and others, to combine it with Riverstone Holdings’ Pattern Energy Group Holdings 2.
InstarAGF Asset Management acquired control of Oilfield Water Logistics, LLC (OWL) from Natural Gas Partners (NGP). King & Spalding advised InstarAGF on the transaction.
PSP Investments and Alberta Teachers’ Retirement Fund Board (ATRF) to acquire AltaGas Canada from AltasGas Ltd. and other shareholders for $1.7B
Eavor Technologies completed a tranched $15 million Series A round of financing with investment from Singapore based Vickers Venture Partners
Hydrostor closed equity financing with Meridiam (lead) Canoe Financial, ArcTern Ventures, MaRS Catalyst Fund, and Lorem Partners, part of US $37M debt, equity, commitments and asset acquisition financing package
Loop Energy secured strategic investment from Cummins (NYSE: CMI), will supply Cummins with range extender systems for incorporation into demonstration trucks.
ArcTern Ventures backed Parity secured $1.25 million in venture debt financing from Silicon Valley Bank (SVB) to accelerate planned expansion into the US market.
TerraNova Partners and Michael Platt acquired majority control of Carma Industries Inc. and Carma Billing Services Inc. from Williams family and Ross Pilkey
Shell Ventures invested in Corvus Energy, joining BW Ventures, Equinor Technology Ventures, Norsk Hydro, family offices and private investors from Canada, USA, Asia, Middle East, South America.
