On May 8, 2025, Redaptive, a leading Energy-as-a-Service (EaaS) provider, announced the successful closing of a $650 million credit facility from CDPQ, a global investment group, and Nuveen, the investment manager of TIAA. This facility strengthens Redaptive's ability to scale its innovative platform, meet accelerating customer demand, and deliver measurable business value through energy efficiency, renewable generation, and data-driven building performance. Wilson Sonsini Goodrich & Rosati advised Redaptive in connection with corporate aspects of the transaction.

Redaptive will leverage this capital to continue its support of enterprise customers with data-driven efficiency and energy generation programs, including HVAC, LED lighting, solar, storage and metering solutions, and other upgrades that can be deployed at large-scale multi-site portfolios. This additional financing will enable Redaptive to expand its reach, increase project deployments, and further develop its solutions across the U.S., Canada, and certain European jurisdictions.

The Wilson Sonsini team that advised Redaptive included Bob O’Connor, Melissa Rick, Jocqui Kaup, Viet Nguyen, Jill Fulwiler, Michelle Mealer, and Karen Becker.

For more information, please see Redaptive’s news release.