Country for PR: United States
Contributor: PR Newswire New York
Tuesday, January 19 2021 - 22:00
Power Sustainable launches the Power Sustainable Energy Infrastructure Partnership, a $1B investment platform dedicated to the North American renewable energy sector
MONTREAL, Quebec, Jan. 19, 2021 /PRNewswire-AsiaNet/ --

     - 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

Investor contact
David Gagnon
Power Sustainable Capital

Media contact
Laurent Therrien
Power Sustainable Capital

Source - Power Sustainable