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Announced

CDPQ and bp ventures to invest $45m in BTR Energy.

Synopsis

CDPQ, an investment group, and bp ventures, a venture capital firm, to invest $45m in BTR Energy, a developer of a renewable energy platform. "Now more than ever, investors are directing capital toward innovations that will allow us to fight and adapt to climate change. CDPQ is delighted to collaborate with a world-class player such as bp ventures to invest in energy technologies and companies that are accelerating the transition toward a low-carbon economy. Our co-investment in BTR Energy is a good example of what we aim to do with bp ventures: invest in promising companies that have demonstrated their capability to have a concrete impact, in order to propel their growth," Geneviève Bouthillier, CDPQ Managing Director.

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