La Caisse and its recently acquired Australian renewables developer, Edify Energy, are on track to raise AUD 2.5bn (USD 1.8bn) debt this month to reach financial close on two major solar-plus-battery projects in Queensland, two sources familiar said.

The Smoky Creek and Guthrie’s Gap 720 MWp solar/600 MW battery (2.4 GWh) project and the Majors Creek and Ganymirra 360 MWp solar/300 MW battery (1.2 GWh) project were expected to get to financial close by March, as reported.

That was delayed by a few months due to slower than expected grid connection approvals by the state transmission operator. This has now been secured for Smoky Creek and will be soon for Majors Creek, with financial close now due to occur this week or early next week, the sources said.

About 16 lenders are involved in the financing, including banks from Australia, Europe, Japan, Taiwan and Canada, they added.

La Caisse and Edify launched the debt raise seeking pricing of about 150bp over the Bank Bill Swap Rate in November as part of La Caisse’s CAD 1bn (USD 712.3m) acquisition of Edify, which has a 11.2 GW solar and battery development pipeline.

The acquisition closed on 31 December, 2025.

ICA Partners advised La Caisse on the acquisition and project financing.

Edify and La Caisse declined to comment.