Canada’s CDPQ bets on Australian farmland in decarbonisation drive
The drive towards sustainability in Australia's agriculture market is increasingly attracting much-needed capital from institutional investors, as demonstrated by the recent strategic partnership between Canada’s CDPQ and the Australian government-owned CEFC.
The $304-billion Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has partnered with the Clean Energy Finance Corporation (CEFC) to establish a new sustainable agricultural platform in Australia.
The $100-million (A$150-million) investment from Canada’s second largest pension fund in Wilga Farming will bring in substantial new capital and spearhead the effort to decarbonise Australian farms, while also boosting farm production at the same time.
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