CDPQ Adds AES Ohio to Growing U.S. Power Project Portfolio

September 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Caisse de dépôt et placement du Québec (CDPQ) (Québec City, Québec) picked up a 30% indirect equity interest in AES Ohio, following a US$546 million deal with AES Corporation (NYSE:AES) (Arlington, Virginia), with closing expected in the first half of 2025. AES Ohio joins a long list of U.S. and Canadian projects backed by CDPQ, concentrated in the power-generation and public infrastructure segments.

Industrial Info is tracking more than US$10 billion worth of active and proposed projects from CDPQ, about US$3.3 billion of which are in the U.S. To date, CDPQ says it has invested US$149 billion in the U.S., which accounts for about 38% of its global portfolio. CDPQ already is a minority shareholder in AES US Investments, a subsidiary that owns AES Indiana.

Other companies featured: General Electric (NYSE:GE), Invenergy, Blackstone Incorporated (NYSE:BX), SNC-Lavalin Group Incorporated, Aecon Group Incorporated and AECOM (NYSE:ACM)