La Caisse to acquire Edify to accelerate renewable energy and battery storage projects

Once completed, the transaction, together with further equity capital funding, is expected to represent an investment of approximately CAN$1 billion (AUS$≈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 totalling 900 MW/3600 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.

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. Edify 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, totalling more than 1.1 GW of capacity. By combining solar generation with advanced storage solutions, Edify is enhancing grid reliability and accelerating Australia’s transition to clean energy.

John Cole, Founder and Executive Chairman of Edify Energy, responded: “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 generators. I am so very proud of the business that Edify has become and the exceptional team that creates and delivers the solutions to meet and exceed the needs of our customers and the grid. In La Caisse, we have found the perfect owner to supercharge the business and take Edify’s market position to the next level.”

Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse, added: “Our acquisition of Edify highlights the track record and expertise of its team and a commitment to Australia’s clean energy future. With our long-term capital and sustainability expertise, Edify will accelerate the delivery of large scale renewable and storage projects that strengthen the grid and advance decarbonisation. This reflects our strong conviction in the critical role these technologies will continue to play in the global energy transition.”

Some elements of the transaction are subject to customary change-of-control and regulatory approvals.

La Caisse was advised by ICA Partners and Clifford Chance as Financial Adviser and Legal Adviser, respectively, while Edify was advised by Lazard Australia and Herbert-Smith Freehills Kramer as Financial Adviser and Legal Adviser, respectively.

For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.

Energy Global's Autumn 2025 issue

Explore the latest insights into the renewable energy sector in the Autumn issue of Energy Global, out now! This edition features a regional report on the Asia Pacific from Aurora Energy Research, mapping out why the wholesale price cap is detrimental to the energy transition in India. The issue then delves into articles covering crucial topics such as digitalisation in renewables, inspection & maintenance, developments in floating offshore wind, coatings, solar optimisation and more. Contributors include Flotation Energy, DNV, Sarens, Neuman & Esser, Teknos, and more, so this issue is not one to miss!

Read the article online at: https://www.energyglobal.com/energy-storage/22092025/la-caisse-to-acquire-edify-to-accelerate-renewable-energy-and-battery-storage-projects/