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CDPQ Drops $114M To Finance Solar Power Asset Purchase

Law360 (July 12, 2018, 1:45 PM EDT) -- La Caisse de depot et placement du Quebec, an institutional investor that manages public and parapublic pension funds, on Thursday said it has invested CA$150 million ($113.8 million) in ContourGlobal Mirror 2 SARL's acquisition of a portfolio of solar power assets in Spain.

CDPQ provided the financing in support of ContourGlobal's €1.09 billion ($1.3 billion) portfolio acquisition from Spanish conglomerate Acciona SA, which was agreed to in February. The portfolio is made up of five concentrated solar power assets in southwest Spain that began operating between...
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