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CDPQ buys stake in U.K. power company from Brookfield Asset Management

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MONTREAL — The Caisse de dépôt et placement du Québec has signed a deal with Brookfield Asset Management and its institutional partners to buy their 25 per cent stake in British power company First Hydro Co.First Hydro is responsible for the management and operation of two power plants in Wales.

Emmanuel Jaclot, CDPQ’s executive vice-president and head of infrastructure, says the investment marks the fund’s first foray into pumped hydro storage. French utility Engie is the majority shareholder in First Hydro with the remaining 75 per cent stake.Boost in home renos is helping drive up housing values in major markets: reportTop 10 major upcoming Midwest and Northwest construction projects – U.S. – September 2024UPDATE: Worker killed by construction equipment at Ontario PlaceTemporary LaSalle Causeway bridge to be installed by end of SeptemberOperator of wastewater treatment system in remote B.C.

 

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CDPQ buys stake in U.S. power company from Brookfield Asset ManagementMONTREAL — The Caisse de dépôt et placement du Québec has signed a deal with Brookfield Asset Management and its institutional partners to buy their 25 per...
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