Investment firm La Caisse commits $200 million to QIC-supported Renewa project
In a significant move towards sustainable energy, La Caisse, the Canadian pension giant, has committed $200m in primary equity to Renewa, a land financing company specializing in renewable energy projects. The investment was announced on 15 July 2023.
Renewa, with its network of major developers such as Enel Green Power, Lightsource bp, and Invenergy, currently holds land interests under more than 140 renewable energy assets, representing around 26GW of clean energy capacity. The company's network has expanded to over 75 operators across 30 states.
Stephen Lee and Gage Mooring, co-founders and co-CEOs of Renewa, expressed their welcome of La Caisse as a partner. They highlighted the importance of land capital solutions for the energy transition, emphasizing that the investment will support Renewa's efforts to secure high-potential sites close to transmission infrastructure, thereby facilitating faster project execution and expansion.
Renewa specializes in acquiring or leasing land beneath clean energy infrastructure. The company's total funding commitments are now over $750m since its inception in 2022.
La Caisse, which manages approximately CAD 473 billion in assets on behalf of several public and parapublic pension plans in Quebec, believes that the investment will aid in accelerating the development of key infrastructure while safeguarding ecosystems and managing local stakeholders.
Estimates suggest that more than 20 million acres will be needed to modernize US energy infrastructure. The investment from La Caisse is intended to support renewable energy projects across the United States.
As of August 2025, the precise status and detailed future expansion plans post-investment are not verifiable from the available search results. For the most accurate and up-to-date information, official press releases from Renewa or La Caisse, or reputable industry news platforms covering renewable energy finance would be the best sources to consult.
The investment from La Caisse, worth $200m, will support Renewa's ongoing business in renewable energy, particularly in acquiring or leasing land beneath clean energy infrastructure. This move in the finance industry is expected to aid in the expansion of renewable energy projects, contributing significantly to the renewable energy industry's efforts to modernize US energy infrastructure.
