La Caisse agrees to acquire Australian renewable company Edify Energy

Core Insights - La Caisse has signed a binding agreement to acquire Edify Energy for approximately C$1bn ($720m) [1] - The investment will support Edify's growth and fund two integrated solar and battery energy storage projects totaling 900MW/3,600MWh [2] - Edify has a pipeline of over 11GW of hybrid and battery storage projects [2] Company Overview - Edify Energy was founded in 2015 and has delivered 11 projects totaling over 1.1GW across New South Wales, Queensland, and Victoria [4] - The company claims to have pioneered Australia's first utility-scale solar and battery storage project in 2018 [5] Strategic Importance - The acquisition is seen as a pivotal moment for Edify, providing balance sheet strength to enhance execution speed of green energy projects [3] - La Caisse's investment reflects a commitment to Australia's clean energy future and the critical role of renewable technologies in the global energy transition [5][6] Advisory and Regulatory Aspects - Advisors for La Caisse include ICA Partners and Clifford Chance, while Edify was advised by Lazard Australia and Herbert-Smith Freehills Kramer [6] - The deal is subject to customary change-of-control and regulatory approvals [2]