On December 19, 2022, energy-as-a-service provider Redaptive announced that it received a $200 million investment from the Canada Pension Plan Investment Board (CPPIB). Some of the company’s existing investors, including Linse Capital and CBRE, will also participate in the investment. Wilson Sonsini Goodrich & Rosati advised Redaptive on the transaction.
Redaptive helps organizations cut energy consumption by providing data-driven energy generation and efficiency programs, including HVAC, LED lighting, solar, EV and other utility upgrades. The company provides funding up front and then charges for each unit of energy saved. The company saw expected bookings grow more than 100% year-over-year in 2022.
The Wilson Sonsini team advising on the deal includes:
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