Power Sustainable, an alternative asset manager with offices in Canada, China and the U.S. and focused on sustainable investments, has closed Vintage II of its Power Sustainable Energy Infrastructure Partnership, which has raised $600 million of additional capital commitments from new and existing capital partners.

This capital comes after the initial $1 billion that was raised as part of the Vintage of the partnership, which has been almost entirely deployed since the fund’s creation in 2021. PSEIP invests in renewable energy assets and infrastructure. With $1.6 billion in committed capital, the partnership aims to drive a transition to a low-carbon economy through a portfolio of solar, wind and energy storage assets.

“Since the inception of the Partnership almost two years ago, we have deployed significant capital towards developing, owning and operating long-life renewable energy projects,” states Pierre-Olivier Perras, managing partner of Power Sustainable Energy Infrastructure Partnership. “With these new commitments, we will continue investing to support North America’s energy transition while generating strong and stable returns for our partners.”