CDPQ, Nuveen Provide $650M Credit Facility to Redaptive for Energy Efficiency Expansion
CDPQ and Nuveen have provided $650 million in financing to Redaptive, an energy-as-a-service provider focused on enterprise infrastructure optimization.
Based in Denver, Redaptive integrates artificial intelligence, proprietary metering technology, and flexible financing to help businesses reduce energy consumption and lower operational costs across multiple sites.
“Redaptive is a leader in helping their clients adopt energy and power solutions that reduce energy costs and consumption while changing how industries approach sustainability,” said Don Dimitrievich, Head of Nuveen’s Energy Infrastructure Credit business. “Our investment reflects our confidence in Redaptive’s ability to scale their business while reducing carbon emissions globally.”
The funding will support Redaptive’s expansion in the U.S., Canada, and select European markets, with a focus on HVAC system upgrades, LED lighting, solar installations, energy storage, and advanced metering solutions.