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Power Sustainable launches the Power Sustainable Energy Infrastructure Partnership

Date Closed

January 01, 2021

Lead Office

Québec City

Value

1.00 Billion CAD

On January 19, 2021, Power Sustainable Capital Inc. ("Power Sustainable") announced the launch of the Power Sustainable Energy Infrastructure Partnership (the "Fund"), an investment platform with an initial C$1 billion dedicated to the renewable energy sector, including a significant sponsorship commitment from Power Sustainable.

The Partnership’s founding partners, led by Desjardins Group, comprise Great-West Lifeco, National Bank of Canada and Après-demain SA.

Power Sustainable and its partners created an investment platform with broad project development expertise and operating capabilities in renewable energy. Through Potentia Renewables Inc. (“Potentia”) and Nautilus Solar Energy, LLC (“Nautilus”), 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. Concurrently with closing, the Fund acquired several portfolios of wind and solar projects in Canada and the United States from Potentia and Nautilus.

Power Sustainable is a Montreal, Quebec-based global multi-platform alternative asset manager focused on long-term investments in sustainable strategies.

McCarthy Tétrault LLP advised Power Sustainable with a team co-led by Mathieu Laflamme, Mathieu Leblanc and Christian Meighen, that included Alexandre Saulnier-Marceau, Alexandra Carbone, Xin Gao, Karina Gagnon, Éloïse Gagné, Mireille Trottier, Isabelle Pépin-Lapointe, Marc-Antoine Addoumie, Marie-Josée Nadeau and Cindy Ainsley (M&A/Private Equity), Fred Purkey, Nicolas Désy, Marie-Soleil Landry, Kassandra Grenier and Joy Elkeslassy (Tax), Sonia Struthers and Ana Badour (SRIP), Dominic Thérien (Competition), and William McCullough (Real Property).

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