Power Sustainable Capital Inc., a Quebec-based and multiplatform energy manager, has launched an investment platform for the expansion of renewable energy projects all across North America.
The initial amount of the investment is of $1 billion, exclusively dedicated to the renewable energy sector. Investment will be executed through two subsidiaries of Power Sustainable: Potentia Renewables and Nautilus Solar Energy.
From these operators and developers, the company will invest in the development, construction and operation of new renewable energy assets all across North America. The investment platform also includes partners like Desjardins Group, Great West Lifeco, and the National Bank of Canada.
“This is a landmark moment for Power Sustainable, and the first of several projects we intend to bring to the sustainable investment marketplace in the coming years. This new and unique partnership approach leverages decades of sound investment practices and is a true alignment of convictions from all parties involved,” said Olivier Desmarais, Power Sustainable’s CEO.
“We share one goal at Power Sustainable: becoming a leading force for sustainable change. This is the kind of impact we seek and this is why we are committing our own funds to this endeavor,” he concluded.
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Power Sustainable, its partners and goals
Overall, the partnership and the investment are aimed to create new opportunities to buy high-quality renewable energy assets. This would provide a fertile floor to job creation and capital expenditures for the sector in North America.
According to the company’s statement, the investment platform will be guided by the ESG principles, and inclusion, diversity and good governance values. In this regard, Guy Cormier, President and CEO of Desjardins Group, said: “Sustainable development is in Desjardins Group’s DNA.”
“With this major investment in green infrastructure in Canada and the US we show our commitment to the fight against climate change. It is our largest participation in wind and solar farms to date. I am particularly proud of this Desjardins Group’s investment to contribute to a lower-carbon environment. We can go further together.”
About Potentia Renewables and Nautilus Solar, Pierre Larochelle and Pierre-Olivier Perras, Co-Managing Partners, said; “Potentia Renewables and Nautilus Solar Energy are remarkable operating platforms and are becoming significant change agents in the renewable energy landscape in North America.”
“Together, with our founding partners’ support, we have all the winning elements to establish a leading operational-driven investment platform that stays ahead of market trends and creates sustainable long-term value for our investors and the communities where we operate.”