Business
La Caisse to acquire Edify, a leading Australian renewable energy and battery storage company
MONTRÉAL and SYDNEY, Sept. 22, 2025 /CNW/ - Edify Energy (Edify), a leading Australian renewable energy and battery storage company, and global investment group La Caisse (formerly CDPQ), today announced that binding agreements have been entered into under which La Caisse will acquire Edify and support its next phase of growth. This investment will fund the acquisition of Edify and provide equity to finance two ready-to-build integrated solar and battery energy storage system (BESS) hybrid projects totaling 900 MW / 3,600 MWh for offtake partners, Rio Tinto and the Commonwealth of Australia.
About this update from Rio Tinto Plc
[{"type":"list","items":[{"val":[{"type":"text","content":"Investment will enable Edify to accelerate its growth and deliver on its mission to support Australia's energy transition","length":125,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":125,"olType":false},{"type":"text","content":"MONTRÉAL and SYDNEY, Sept. 22, 2025 /CNW/ - Edify Energy (Edify), a leading Australian renewable energy and battery storage company, and global investment group La Caisse (formerly CDPQ), today announced that binding agreements have been entered into under which La Caisse will acquire Edify and support its next phase of growth.","length":329,"tagName":"p"},{"type":"text","content":"Once completed, the transaction, together with further equity capital funding, is expected to represent an investment of approximately CAD 1 billion (AUD ≈1.1 billion). This investment will fund the acquisition of Edify and provide equity to finance two ready-to-build integrated solar and battery energy storage system (BESS) hybrid projects totaling 900 MW / 3,600 MWh for offtake partners, Rio Tinto and the Commonwealth of Australia. It will also support the company's significant pipeline of hybrid and battery storage projects of more than 11 GW.","length":556,"tagName":"p"},{"type":"text","content":"Since its founding in 2015 by John Cole, Edify has grown into one of Australia's leading green electricity companies, with expertise spanning the full life-cycle of renewable energy development and operations. Innovation is at Edify's core, having pioneered the country's first utility-scale solar and battery storage project in 2018 and has since delivered 11 projects across New South Wales, Queensland, and Victoria, totaling more than 1.1 GW of capacity. This success is powered by Edify's highly talented and skilled team, whose deep expertise and commitment to innovative, commercial solutions has been instrumental in structuring, financing and bringing these projects to life. By combining solar generation with advanced storage solutions, Edify is enhancing grid reliability and accelerating Australia's transition to clean energy.","length":860,"tagName":"p"},{"type":"text","content":""The agreement with La Caisse is a pivotal moment for Edify, providing balance sheet strength to seriously ramp up Edify's speed of execution of firm dispatchable green...