La Caisse to Acquire Edify Energy

CDPQ to Acquire Innergex Renewable Energy Inc. for C$10.0 Billion

February 25, 2025

Energy

Caisse de dépôt et placement du Québec (CDPQ) has entered into a definitive agreement to acquire all issued and outstanding common shares of Innergex Renewable Energy Inc. for C$13.75 per share, implying a total enterprise value of C$10.0 billion. The transaction will take Innergex private, has unanimous support from Innergex’s board and backing from largest shareholder Hydro-Québec, and is expected to close by Q4 2025 subject to customary approvals.

bp Acquires EDF Energy Services

September 12, 2022

Energy

bp has agreed to purchase EDF Energy Services (EDF ES), a Houston-based supplier of power, natural gas and related services to commercial and industrial customers across the United States. The acquisition brings EDF ES's full retail operating capabilities into bp, enhancing bp's ability to deliver integrated energy and lower-carbon solutions to large C&I and public-sector customers in the U.S.

ENGIE Acquires Broad Reach Power

August 24, 2023

Energy

ENGIE has acquired Broad Reach Power, a Houston-based developer and operator of utility-scale battery energy storage systems, from investors including EnCap Energy Transition and Apollo funds. The deal—reported to be for an equity value of over $1 billion—strengthens ENGIE's battery-storage capabilities and advances its objective to reach 10 GW of battery capacity by 2030 while reinforcing its position in the United States energy transition.

Generate Capital Acquires esVolta to Expand Battery Storage and Grid Resilience

July 21, 2022

Energy

Generate Capital has acquired utility-scale battery storage developer esVolta LP, adding a portfolio of more than 900 MWh of operational and contracted projects and a pipeline across multiple U.S. states and Canada. The deal gives Generate entry into the front-of-the-meter battery storage market to expand its grid-connected storage capabilities and accelerate deployment of energy storage projects for utilities and offtakers.

Avaya Acquires Edify

May 9, 2024

Cloud & SaaS

Avaya has acquired Edify, a cloud-native, no-code contact center and real-time communications platform, integrating Edify's AI-powered journey orchestration and workflow capabilities into the Avaya Experience Platform (AXP). The deal, closed in May 2024 for undisclosed terms, also brings Edify's engineering talent into Avaya's organization to accelerate product innovation and delivery.

AES Agrees to Sell 30% Indirect Equity Interest in AES Ohio to CDPQ

September 17, 2024

Energy

The AES Corporation agreed to sell a 30% indirect equity interest in AES Ohio to CDPQ for approximately US$546 million, with closing expected in the first half of 2025. The transaction expands AES’s existing CDPQ partnership model used at AES Indiana while keeping no change in management or operational control of AES Ohio.