Power Sustainable Completes Sale of Minority Stake in Big Sky Wind to Institutional Partners

Power Sustainable Energy Infrastructure ("PSEI"), the renewable energy infrastructure platform of Power Sustainable, today announced it completed the sale of a 49.9% interest in Big Sky Wind, a 240 MW operating wind facility located in Illinois, to funds managed by Hamilton Lane (Nasdaq: HLNE) and GCM Grosvenor, two leading global private markets investment firms. PSEI will retain a majority interest in the asset and continue to oversee its operations.The transaction reflects PSEI's strategy of partnering with long-term institutional investors while actively recycling capital to fund new investments across its portfolio."We are pleased to partner with Hamilton Lane and GCM Grosvenor on Big Sky Wind," said Pierre-Olivier Perras, Managing Partner at PSEI. "This transaction highlights the quality of the asset and reflects our disciplined approach to active portfolio management and capital recycling, enabling us to reinvest in new opportunities and continue to scale our platform."Taylor McManus, Principal, Infrastructure Investment Team at Hamilton Lane, said: "We are happy to be partnering with Power Sustainable, a proven investor and operator of renewable power generation across North America. This was a unique opportunity to invest in an operating wind asset with a strong contractual framework, an attractive risk return profile and favorable transaction dynamics.""Big Sky Wind is a high-quality, repowered asset with a strong operating profile and exposure to a constructive U.S. power market," said Kevin Pellecchia, Executive Director, Infrastructure Investments at GCM Grosvenor. "Our investment reflects a focus on accessing established infrastructure assets alongside experienced sponsors, where we see the potential for durable cash flows and long-term value creation."Big Sky Wind is an operating wind project with a strong performance track record, supported by high availability and stable cash flows. The asset, which was fully repowered in 2022, is located in the PJM market and is positioned to benefit from supportive market fundamentals.This transaction underscores PSEI's ability to originate, scale, and optimize high-quality infrastructure assets, while maintaining a strong pipeline of investment opportunities across its core markets.

Power Sustainable Completes Sale of Minority Stake in Big Sky Wind to Institutional Partners

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