SYDNEY, September 22, 2025 – In a major move for Australia’s clean energy sector, global investment group La Caisse de dépôt et placement du Québec (CDPQ) has announced the acquisition of Edify Energy, a leading renewable energy and battery storage company. The deal, valued at approximately AUD 1.1 billion, was confirmed today through binding agreements, marking a significant step towards accelerating Australia’s transition to sustainable power.
The acquisition includes funding for two ready-to-build solar and battery energy storage system (BESS) hybrid projects, totaling 900 MW and 3,600 MWh. These projects will supply power to major players like Rio Tinto and the Commonwealth of Australia. Edify’s founder, John Cole, hailed the partnership, saying, “La Caisse is the perfect owner to take our market position to the next level.”
This investment aligns with Australia’s booming renewable energy market, where solar power generation has seen a staggering 3,144% increase from 2016 to 2024, according to recent data. With the country’s installed solar capacity reaching 29.7 GW by late 2022, the sector is poised for further growth, supported by government initiatives and a national target of net zero emissions by 2050.
CDPQ, which manages over CAD 496 billion and represents 6 million Quebecers, brings a wealth of experience in sustainable infrastructure. The firm’s Executive Vice-President, Emmanuel Jaclot, emphasized the deal’s potential, stating, “This acquisition highlights Edify’s track record and our commitment to Australia’s clean energy future.” The move also counters concerns about Western divestment from fossil fuels, showcasing a strategic pivot to renewables.
Edify Energy, known for its end-to-end renewable project management, has already saved 753,386 tonnes of CO² emissions through its initiatives. With this acquisition, the company plans to ramp up its execution of “firm dispatchable green generators,” enhancing grid reliability. As Australia continues to diversify its energy mix beyond traditional hydro, this deal could set a benchmark for future investments in the region.
