Fund Manager CDPQ Makes $40M Investment In Sunrun

La Caisse de dépôt et placement du Québec (CDPQ), a Quebec-based investment fund manager with a global asset portfolio, has announced a $40 million loan related to a portfolio of solar energy systems originated by U.S. residential solar provider Sunrun Inc. According to CDPQ, the transaction is part of a $234.5 million senior secured credit facility closed by Sunrun on Oct. 20.

“CDPQ is already active in the commercial solar industry in North America and India, so this transaction represents a good opportunity for us to enter the residential sector, which is one of the fastest-growing market segments in the U.S. energy industry today,” says said Marc Cormier, executive vice president of fixed income at CDPQ. “While generating stable returns in the long term, this financing is also aligned with our strategy to increase our low-carbon investments 50 percent by 2020.”

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