In Short : The fund will support the construction of renewable energy infrastructure, such as wind farms and solar arrays, as well as the development of new technologies in the clean energy space. In addition, it will provide funding for energy storage projects, which are crucial for integrating renewable energy into the grid and ensuring a stable and reliable power supply.
In Detail : Power Sustainable, a Montreal-based investment manager focused on climate initiatives, has successfully concluded the final funding round for its Energy Infrastructure partnership, Vintage II, securing CA$800 million and reaching a total commitment of CA$1.8 billion. The company, which is a subsidiary of Power Corporation of Canada, specializes in renewable energy infrastructure equity investments across North America.
The fund, co-led by Managing Partner Pierre-Olivier Perras and Partnership Leader John Pires, has attracted both repeat and new investors despite the current challenging market conditions. The successful closing of Vintage II brings Power Sustainable’s total assets under management to over CAD$4 billion (USD1 = CAD1.3579).
The investment manager’s strategy focuses on competitive returns through North American renewable energy equity infrastructure. Power Sustainable’s efforts are part of a broader mission to accelerate sustainable solutions worldwide. The firm is a key player in Power Corporation’s global financial services and alternative asset investment platforms, which include involvement with entities like Vantage Data Centers and initiatives in high-yield infrastructure credit strategies.
The firm’s dedication to climate-focused investments aligns with the increasing global emphasis on sustainability and the transition to renewable energy sources. With this latest round of funding, Power Sustainable is poised to further its impact in the renewable energy sector.