Potentia Renewables

About Potentia Renewables

Potentia Renewables Inc. is a fully integrated developer, owner, and operator of wind and solar energy assets across North America. Established in 2010 and headquartered in Toronto, the company began as a small-scale rooftop solar provider in Ontario and has since grown significantly. The company is a wholly-owned subsidiary of Power Sustainable Capital Inc., which is an affiliate of Power Corporation of Canada.

The company's business model focuses on the entire lifecycle of renewable energy projects, from development and financing to construction and long-term operation. It manages a substantial portfolio, including over 700 rooftop solar installations and multiple utility-scale wind and solar farms. Potentia generates revenue through long-term power purchase agreements (PPAs) with entities like the Alberta Electricity System Operator (AESO) and by selling energy and environmental attributes to commercial clients. The company serves a range of clients, from commercial businesses to utility providers, aiming to integrate renewable energy into the local power mix.

Potentia's portfolio includes nearly 1,300 MW of wind and solar projects in various stages of operation, construction, or contract. Notable projects include a portfolio of wind farms in Alberta totaling nearly one Gigawatt and a recent entry into the U.S. market with the acquisition of a 50% interest in a 278 MW solar portfolio in California. The company is also developing battery energy storage system (BESS) projects, such as a 390 MW facility in Ontario, to enhance grid reliability. Jeff Jenner, who has founded and sold several renewable energy companies, became CEO in 2016, guiding its expansion from rooftop solar into large-scale wind and solar projects. The current CEO is Ben Greenhouse.