Power Sustainable Concludes Sale of Minority Stake in Big Sky Wind, Strengthening Renewable Partnerships
On April 29, 2026, Power Sustainable Energy Infrastructure (PSEI) proudly announced the completion of a significant transaction involving a 49.9% stake in the Big Sky Wind project, situated in Illinois. This operating wind facility boasts a capacity of 240 megawatts and is now partially owned by prestigious funds managed by Hamilton Lane (Nasdaq HLNE) and GCM Grosvenor. Both firms are highly regarded players in the global private markets investment space, renowned for their commitment to sustainable investments.
PSEI's decision to keep a majority interest in the project illustrates its dedication to maintaining control over the asset's operations and management. The strategic move aligns seamlessly with PSEI’s overarching philosophy of collaborating with long-term institutional investors while actively recycling capital for new investments within its portfolio.
In a statement regarding this milestone, Pierre-Olivier Perras, Managing Partner at PSEI, expressed enthusiasm for the partnership with Hamilton Lane and GCM Grosvenor. He highlighted that the transaction is a testament to both the quality of the Big Sky Wind asset and PSEI's disciplined approach to portfolio management. This strategic exchange allows PSEI to reinvest capital into new ventures, facilitating continued growth and expansion of its renewable energy platform.
From the perspective of the investors, Taylor McManus, a Principal on the Infrastructure Investment Team at Hamilton Lane, conveyed satisfaction at the opportunity to align with a respected partner like Power Sustainable, which has an impressive track record in renewable energy operations across North America. He emphasized that the investment in Big Sky Wind presents a unique chance to participate in an existing asset with a robust contractual framework, appealing risk-return characteristics, and favorable market conditions.
Kevin Pellecchia, Executive Director of Infrastructure Investments at GCM Grosvenor, echoed these sentiments, asserting that Big Sky Wind is a high-quality asset that has been successfully repowered. He remarked on its advantageous positioning within a supportive U.S. power market, a factor that promises durable cash flows and long-term value creation potential.
The project, which underwent a full repowering process in 2022, has demonstrated consistent performance backed by high operational availability and stable cash flow generation. Located within the PJM market, Big Sky Wind stands to benefit immensely from positive market dynamics and the increasing demand for renewable energy solutions.
This transaction is not just a financial maneuver but a clear indication of PSEI's capacity to identify, scale, and optimize premium renewable infrastructure assets. Moreover, it reinforces the firm’s active pursuit of high-quality investment opportunities across its key operational markets.
Power Sustainable is an alternative asset manager that strategically invests in the core sectors of the real economy amidst ongoing structural changes. Their focus spans across energy, food, mobility, connectivity, and built environments, utilizing selective equity and credit strategies to maximize their impact. As a subsidiary of Power Corporation of Canada (TSX POW), Power Sustainable aims to leverage transition, resilience, and resource efficiency as pivotal performance drivers.
As the renewable energy sector continues to expand, PSEI's collaboration with institutional partners like Hamilton Lane and GCM Grosvenor signifies a collective commitment to the sustainability and growth of renewable infrastructure projects. This partnership reflects a broader trend where established investors are seeking opportunities to access proven infrastructure assets while ensuring their investment strategies align with long-term value creation in the renewable energy landscape.
PSEI's decision to keep a majority interest in the project illustrates its dedication to maintaining control over the asset's operations and management. The strategic move aligns seamlessly with PSEI’s overarching philosophy of collaborating with long-term institutional investors while actively recycling capital for new investments within its portfolio.
In a statement regarding this milestone, Pierre-Olivier Perras, Managing Partner at PSEI, expressed enthusiasm for the partnership with Hamilton Lane and GCM Grosvenor. He highlighted that the transaction is a testament to both the quality of the Big Sky Wind asset and PSEI's disciplined approach to portfolio management. This strategic exchange allows PSEI to reinvest capital into new ventures, facilitating continued growth and expansion of its renewable energy platform.
From the perspective of the investors, Taylor McManus, a Principal on the Infrastructure Investment Team at Hamilton Lane, conveyed satisfaction at the opportunity to align with a respected partner like Power Sustainable, which has an impressive track record in renewable energy operations across North America. He emphasized that the investment in Big Sky Wind presents a unique chance to participate in an existing asset with a robust contractual framework, appealing risk-return characteristics, and favorable market conditions.
Kevin Pellecchia, Executive Director of Infrastructure Investments at GCM Grosvenor, echoed these sentiments, asserting that Big Sky Wind is a high-quality asset that has been successfully repowered. He remarked on its advantageous positioning within a supportive U.S. power market, a factor that promises durable cash flows and long-term value creation potential.
The project, which underwent a full repowering process in 2022, has demonstrated consistent performance backed by high operational availability and stable cash flow generation. Located within the PJM market, Big Sky Wind stands to benefit immensely from positive market dynamics and the increasing demand for renewable energy solutions.
This transaction is not just a financial maneuver but a clear indication of PSEI's capacity to identify, scale, and optimize premium renewable infrastructure assets. Moreover, it reinforces the firm’s active pursuit of high-quality investment opportunities across its key operational markets.
Power Sustainable is an alternative asset manager that strategically invests in the core sectors of the real economy amidst ongoing structural changes. Their focus spans across energy, food, mobility, connectivity, and built environments, utilizing selective equity and credit strategies to maximize their impact. As a subsidiary of Power Corporation of Canada (TSX POW), Power Sustainable aims to leverage transition, resilience, and resource efficiency as pivotal performance drivers.
As the renewable energy sector continues to expand, PSEI's collaboration with institutional partners like Hamilton Lane and GCM Grosvenor signifies a collective commitment to the sustainability and growth of renewable infrastructure projects. This partnership reflects a broader trend where established investors are seeking opportunities to access proven infrastructure assets while ensuring their investment strategies align with long-term value creation in the renewable energy landscape.
Topics Energy）
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