The funding adds to the $1 billion Power Sustainable raised from the Desmarais family, one of Canada’s wealthiest, and a group of financial institutions including National Bank of Canada, Great-West Lifeco and Switzerland-based Après-demain. Existing and new investors, including pension funds and family offices, participated in the latest round. (The Logic)
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The funding adds to the $1 billion Power Sustainable raised from the Desmarais family, one of Canada’s wealthiest, and a group of financial institutions including National Bank of Canada, Great-West Lifeco and Switzerland-based Après-demain. Existing and new investors, including pension funds and family offices, participated in the latest round. (The Logic)
Talking point: The fund, Power Sustainable Energy Infrastructure Partnership, launched in January 2021 to invest in solar, wind and other energy storage assets in North America. The second vintage comes as investors and financial institutions increasingly focus on shifting their assets away from carbon intensive holdings to sustainable ones. The push has helped cleantech remain relatively resilient as inflation and rising interest rates weigh on the broader market.
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