Power Sustainable launches the Power Sustainable Energy Infrastructure Partnership, a $1B investment platform dedicated to the North American renewable energy sector

PR87665

MONTREAL, Quebec, Jan. 19, 2021 /PRNewswire=KYODO JBN/ --

     - Select group of institutional investors including Desjardins

       Group as strategic anchor investor

     - Operationally driven strategy with Potentia Renewables and

       Nautilus Solar Energy

     - One of the key platforms for Power Sustainable's investment strategy

Today, Power Sustainable Capital Inc. ("Power Sustainable"), a global

multi-platform alternative asset manager focused on long-term investments in

sustainable strategies, announced the launch of the Power Sustainable Energy

Infrastructure Partnership ("the Partnership"), an investment platform with an

initial $1B dedicated to the renewable energy sector, including a significant

sponsorship commitment from Power Sustainable.

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Power Sustainable is joined by a group of select founding partners led by

Desjardins Group, including Great-West Lifeco, National Bank of Canada and

Après-demain SA.

Power Sustainable and its partners are creating an investment platform with

broad project development expertise and operating capabilities in renewable

energy. Through Potentia Renewables and Nautilus Solar Energy, two wholly-owned

subsidiaries of Power Sustainable and leading integrated owner-operators of

high-quality renewable energy assets, the Partnership will invest in the

development, construction, financing and operation of renewable energy assets

across North America.

Committed to decarbonization and driven by patient capital

The Partnership will benefit from Power Sustainable's disciplined yet agile

approach as well as its patient capital philosophy.  

"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. I look forward to this collaboration with our co-investors on

this exciting journey," says Olivier Desmarais, Chairman and CEO of Power

Sustainable. "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 endeavour."

From climate change to diversity, inclusion and good corporate governance,

Power Sustainable believes that today's investment strategies must embrace

those principles which are fundamental to sustainable value creation and to

future global economic prosperity. The Partnership's existing and future

investments in large multistage renewable energy projects will adhere to these

guiding principles and contribute to the transition to a sustainable,

low-carbon global economy.

"Sustainable development is in Desjardins Group's DNA," says Guy Cormier,

President and CEO of Desjardins Group. "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."

The Power Sustainable Energy Infrastructure Partnership will be led by

co-managing partners Pierre Larochelle and Pierre-Olivier Perras. Before

joining Power Sustainable, Mr. Larochelle was President and CEO of Power Energy

Corporation (a subsidiary of Power Sustainable) and previously, Vice-President,

Investments of Power Corporation. Pierre-Olivier Perras first joined Power

Energy in 2019 after over twenty years at BMO Capital Markets, where he held

various leadership positions including, in his last role, Head of the Power,

Utilities and Infrastructure Investment Banking group.

"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," say

Pierre Larochelle and Pierre-Olivier Perras, Co-Managing Partners, Power

Sustainable Energy Infrastructure Partnership.

About Power Sustainable

Power Sustainable is a global multi-platform alternative asset manager with a

long-term investment approach focused on sustainable strategies. It has offices

in Montréal, Toronto, Shanghai, Beijing and New Jersey. Power Sustainable is

comprised of three platforms: the Pacific platform invests in the China equity

markets, seeking high-quality, sustainable business models with a

fundamentals-based, research-driven investment process; the Energy

Infrastructure platform invests in the development, construction and operations

of renewable energy infrastructure assets in North America; and private equity

investments in Lion Electric and Lumenpulse. The company leverages its

investment capabilities and those of its partners to build projects of

significance that benefit the planet, assure steady growth and create long-term

value. Power Sustainable is a wholly owned subsidiary of Power Corporation of

Canada. For more information, visit www.powersustainable.com

Investor contact

David Gagnon

Power Sustainable Capital

ir@powersustainable.com

514-497-4984

Media contact

Laurent Therrien

Power Sustainable Capital

pr@powersustainable.com

514-605-4130

Source - Power Sustainable