Power Sustainable Capital launch of Power Sustainable Energy Infrastructure Partnership

Power Sustainable Capital Inc. ("Power Sustainable"), an affiliate of Power Corporation of Canada and a global multi-platform alternative asset manager focused on long-term investments in sustainable strategies, announced on Jan. 19, 2021, the launch of the Power Sustainable Energy Infrastructure Partnership ("the Partnership"), an investment platform with an initial $1 billion in capital commitments 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 Partnership acquired several portfolios of wind and solar projects in Canada and the U.S. from Potentia and Nautilus.

National Bank of Canada also provided a capital call facility for the Partnership, as well as a letter of credit issuing facility. Financing commitments were undisclosed.

Delia Cristea, general counsel, led the legal functions for Power Sustainable Capital Inc.

McCarthy Tétrault LLP acted for Power Sustainable Capital Inc. and the Power Sustainable Energy Infrastructure Partnership with a team led by
Mathieu Laflamme
 (fund formation),
Mathieu LeBlanc
Christian Meighen
Mathieu Dubord
 (capital call facility),
and which included
Alexandre Saulnier-Marceau (fund formation),

Mireille Trottier (fund formation),
Xin Gao (M&A),

Karina Gagnon (M&A),
Alexandra Carbone (tax),

Nicolas Désy (tax),
Fred Purkey (tax),

Joy Elkeslassy (tax),
Eve Tessier (capital call facility),

Alexis Hudon (capital call facility),
Alex Reid (capital call facility),

Sonia Struthers (regulatory),
Dominic Thérien (competition and foreign investment),

Éloïse Gagné (corporate),
Marc-Antoine Addoumie (corporate).

Blake, Cassels & Graydon LLP acted for Desjardins Group and assisted its legal team, comprised of Patrick Chillis and Jean-Sébastien Nault, with a team led by
Philippe Bourassa,
and which included

Vivian Kung (M&A),
Kim Harle (fund formation),

François Auger (tax),
Sarah Chahine (corporate).

Norton Rose Fulbright Canada LLP acted for National Bank of Canada with a team that was led by
David Lemieux
and which included

Martin Thériault,
Thomas Nichols,

Julie Djiezion,
Antoine Desroches,

Kyung Park,
Todd Schroeder.