Power Sustainable invests in EDF Renewables North America solar and storage project
2024年8月28日 - 11:00PM
Power Sustainable Energy Infrastructure Inc. (PSEI), the renewable
energy infrastructure investment group of Power Sustainable (PS),
and EDF Renewables North America (EDF Renewables), announced today
the phase 1 closing of a strategic investment whereby PSEI acquired
a 50-percent stake in the Desert Quartzite Solar+Storage Project.
This investment was executed together with Potentia Renewables Inc,
(Potentia), PSEI’s integrated developer and operator. The final
phase of the investment will close upon the project’s completion
and commercial operation.
Desert Quartzite, located in Riverside County, California, is
currently under construction, and will represent 300 megawatts (MW)
of solar generation, combined with a 150 MW/4-hour battery energy
storage system (BESS). The electricity generated will be delivered
to Clean Power Alliance, the Community Choice Aggregator serving 35
communities in Los Angeles and Ventura Counties, under a 20-year
power purchase agreement (PPA). Construction is expected to be
complete by year-end, with long-term operations and maintenance
performed by EDF Renewables’ Asset Optimization.
“We are thrilled to be expanding our presence in the California
utility-scale market,” said Pierre-Olivier Perras, Managing Partner
at Power Sustainable Energy Infrastructure. “The swift and
collaborative process was a testament to our mutual commitment to
making this partnership a success. It became evident during our due
diligence that the EDF Renewables team is top-notch, and we greatly
value the professionalism and expertise each department
demonstrated.”
This investment is PSEI’s largest to date, and builds on their
inaugural investment in the California utility-scale market last
year.
“We are very pleased to announce our first transaction with
Power Sustainable Energy Infrastructure,” commented Hamed Baatout,
Vice President Divestiture and Portfolio Strategy at EDF
Renewables. “It’s wonderful to work with a partner who shares the
same vision as us: to decarbonize energy and promote sustainable
practices. We are excited to see what we can accomplish
together.”
“We are proud to collaborate with Power Sustainable and EDF
Renewables on the Desert Quartzite Solar+Storage Project,” said
Jeremy Jagt, President, Potentia Renewables. “This investment not
only underscores our commitment to expanding clean energy
infrastructure in North America but also highlights our dedication
to delivering sustainable and impactful energy solutions. Together,
we are driving innovation that supports both environmental
stewardship and the long-term energy needs of communities.”
About Potentia Renewables:
Potentia Renewables Inc., an affiliate of Power Sustainable, is a
fully-integrated developer, manager and operator of renewable
energy assets. Potentia currently manages over 1,300 MW of wind and
solar projects with another 3.5 gigawatts (GW) in development.
Potentia manages the development, construction and operations of
PSEI strategy’s renewable assets. Potentia is a prominent renewable
energy provider in North America that is ideally positioned for
continued substantial growth. For more information, visit
www.potentiarenewables.com.
About Power Sustainable Energy
Infrastructure:Power Sustainable Energy Infrastructure
(PSEI) is Power Sustainable’s investment group which focuses on
North American renewable energy and related infrastructure, one of
the fastest-growing markets for sustainable investments. It is a
diversified portfolio of stable, long-term, cash-yielding operating
assets.
Through its two operating affiliate
businesses—Nautilus Solar and Potentia Renewables—PSEI has access
to a dedicated team of over 160 in-house professionals to manage
the development, construction, financing and operation of renewable
energy assets.
About Power Sustainable:Power
Sustainable is a sustainability-focused alternative investment
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.
With CAD$3.9 billion in assets under management (as
of June 30, 2024), Power Sustainable’s mission is to catalyze
capital towards clean global solutions. Learn more on Power
Sustainable’s LinkedIn and Website.
About EDF Renewables North
AmericaEDF Renewables North America is a market leading
independent power producer and service provider with 35 years of
expertise in renewable energy. The Company delivers grid-scale
power: wind (onshore and offshore), solar photovoltaic, and storage
projects; distribution-scale power: solar and storage; asset
optimization: technical, operational, and commercial expertise to
maximize performance of generating projects, and onsite solutions,
through the Company’s PowerFlex subsidiary, offering a full suite
of onsite energy solutions for commercial and industrial customers:
solar, storage, EV charging, energy management systems, and
microgrids. EDF Renewables’ North American portfolio consists of 18
GW of developed projects and 14.6 GW under service contracts. EDF
Renewables North America is a subsidiary of EDF Renewables, the
dedicated renewable energy affiliate of the EDF Group. For more
information visit: www.edf-re.com. Connect with us on LinkedIn,
Facebook and Twitter.
For more information,
contact:Ian B. Cameron Director of Communications,
Power Sustainable438-308-7697 cameron@powersustainable.com
Sandi BrinerVP, Marketing & Communications, EDF
Renewables858-521- 3525mediarelations@edf-re.com
Jennifer TuckVice President, Potentia
Renewables226-972-5521jtuck@potentiarenewables.com
Power Corp of Canada (TSX:POW.PR.E)
過去 株価チャート
から 11 2024 まで 12 2024
Power Corp of Canada (TSX:POW.PR.E)
過去 株価チャート
から 12 2023 まで 12 2024