Investment firm La Caisse pours $200m into Renewa, a venture backed by QIC
Renewa Secures $200 Million Investment from La Caisse, Accelerating Clean Energy Land Financing
Renewa, a leading land financing company specializing in renewable energy projects in the United States, has secured a significant investment from La Caisse, a Canadian pension giant. This primary equity commitment of $200 million brings Renewa's total funding commitments to over $750 million since its inception in 2022.
Established in 2022, Renewa has rapidly expanded its operations, focusing on acquiring and leasing land to support solar, wind, and energy storage infrastructure. The company currently holds land interests under more than 140 major renewable energy assets across 30 states, representing approximately 26 gigawatts (GW) of renewable energy capacity.
The partnership with La Caisse and QIC, an Australian investor, will help Renewa accelerate funding for land under clean energy infrastructure, supporting the modernization of the U.S. energy grid and advancing energy independence. Emmanuel Jaclot, Executive Vice-President at La Caisse, emphasized that Renewa's model unlocks critical access to land, a "hidden gatekeeper" in the clean energy revolution, while also safeguarding ecosystems and managing relationships with local stakeholders.
The investment signifies Renewa’s growing influence in renewable energy infrastructure financing, positioning the company as a key enabler for utility-scale clean energy projects by securing long-term capital solutions for landowners and developers across the United States. Renewa’s network has expanded to over 75 operators across 30 states, including major developers such as Enel Green Power, Lightsource bp, and Invenergy.
This new partnership between La Caisse and Renewa underscores the growing importance of land capital solutions for the global energy transition. La Caisse manages approximately CAD 473 billion in assets on behalf of several public and parapublic pension plans in Québec. Emmanuel Jaclot, executive vice-president and head of infrastructure at La Caisse, emphasized that the investment will "accelerate the development of key infrastructure while safeguarding ecosystems and managing local stakeholders."
The investment comes at a critical time, as estimates suggest more than 20 million acres will be needed to modernize US energy infrastructure. This partnership between Renewa and La Caisse is expected to contribute significantly to meeting this demand and driving the clean energy transition forward.
Stephen Lee and Gage Mooring, co-founders and co-CEOs of Renewa, welcomed La Caisse as a partner, emphasising the importance of land capital solutions for the energy transition. They expressed their excitement about the partnership, stating that it will help Renewa to continue its mission of enabling the clean energy transition by providing critical land capital solutions.
References: 1. Renewa.com - La Caisse Invests $200m in QIC-Backed Renewa to Accelerate Funding of Land Under Clean Energy Infrastructure 2. PR Newswire - La Caisse Invests US$200 Million in QIC-Backed Renewa to Accelerate Funding of Land Under Clean Energy Infrastructure 3. Clean The Sky - La Caisse Invests $200 Million in QIC-Backed Renewa to Accelerate Funding of Land Under Clean Energy Infrastructure
Science and technology play a crucial role in Renewa's mission, as they enable the company to optimize renewable energy projects on leased lands, ensuring environmental-science concerns are addressed while realizing continuous financial growth. The investment from La Caisse will support the company's initiatives in these areas, leading to advancements in clean energy infrastructure and technology.
