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Power Sustainable Energy Infrastructure Inc. Invests in EDF Renewables North America Solar and Storage Project

Aug 28, 2024•almost 2 years ago

Contract Type

partnership

MontrealInvestment Management

Description

Power Sustainable Energy Infrastructure Inc. (PSEI) has announced the phase 1 closing of a strategic investment, acquiring a 50-percent stake in the Desert Quartzite Solar+Storage Project together with Potentia Renewables Inc. This project, located in Riverside County, California, will consist of 300 megawatts (MW) of solar generation combined with a 150 MW/4-hour battery energy storage system (BESS), delivering electricity to Clean Power Alliance under a 20-year power purchase agreement (PPA).

Company Information

Company

Power Sustainable

Location

Montreal, Quebec, Canada

About

Power Sustainable is a sustainability-focused alternative asset manager which finances companies and projects that aim for both competitive returns and positive sustainability outcomes. The firm offers institutional investors exposure to alternative assets, which aim to accelerate and scale sustainable solutions across multiple industries. Power Sustainable is a subsidiary of Power Corporation of Canada (TSX: POW) (TSX: POW.PR.E), an international management and holding company that focuses on financial services in North America, Europe, and Asia.

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