Renewables
Solar, wind, biomass, biogas, geothermal, tidal and other distributed energy resources

News Briefs

  • H2O Innovation subsidiary lands new deals in US +

    H2O Innovation Inc.’s operation and maintenance (O&M) services subsidiary Utility Partners LLC (UP) has renewed two contracts and extended the Read More
  • EDC offers new green bond +

    Export Development Canada’s (EDC) latest green bond has been priced. Set at $500 million with a 1.8 fixed rate, the Read More
  • Capital Power moving ahead with New Frontier Wind +

    After Capital Power Corp. inked an agreement to sell 87% of the electricity generated from the yet to be constructed Read More
  • General Fusion takes new step towards reactor design +

    Vancouver’s General Fusion has hired two industry veterans to help lead the company through the development of a proof-of-concept fusion Read More
  • Federal, Ontario governments take big step in reducing diesel reliance in FN communities +

    The $60 million in federal funding to connect the Pikangikum First Nation to Ontario’s electricity grid is a major step Read More
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Stock Market

Quebec’s public sector pension fund manager La Caisse de dépôt et placement du Québec is giving Potentia Renewables Inc. $107 million in debt financing so the company can continue to invest in solar and wind development projects in North America and abroad.

"Over the years, Potentia has demonstrated its ability to deliver successful projects. Today's transaction provides the company with the financing necessary to expand its portfolio of assets in the renewable energy sector," said Marc Cormier, executive VP of fixed income at la Caisse.

La Caisse had previously invested in a Potentia solar project which was recently completed.

"We are pleased to complete the financing with la Caisse and successfully build on our existing debt relationship with a premier pension fund manager," said Jeff Jenner, CEO at Potentia Renewables. "Potentia will use the capital to invest in its large platform of solar and wind development projects in North America and abroad and accelerate its profitable growth."

Potentia Renewables has approximately 570 solar projects in operation with a combined capacity of 97 MW, or enough to power 12,000 homes annually.

Through this transaction, la Caisse adds to its growing investments in solar energy, an industry which has been marked by recent significant growth. The pension fund manager has an interest in one of India's largest solar power producers, in addition to multiple Canadian solar projects. La Caisse is also a major investor in wind power projects across North America and in Western Europe.