CDPQ acquires 25% stake in First Hydro Company from Brookfield
09/24/24, 8:25 AM
Location
montreal
liverpoolIndustry
finance
renewable energy
oil and gas
energy
CDPQ, a global investment group, has entered into an agreement with Brookfield to acquire its 25% stake in First Hydro Company, a critical electricity generation and storage facility in the United Kingdom. This investment marks CDPQ's first foray into pumped hydro storage, and they are delighted to join forces with Engie, a world leader in the energy sector.
Company Info
Location
Montreal, Quebec, Canada
Company info
Verene Energia is a power transmission platform. It focuses on managing and operating power transmission assets to meet the increasing energy needs. With a significant scale in high-voltage lines, it aims to support Brazil's decarbonization objectives. The company is growing strategically in the Brazilian power sector.
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