Company Overview
Hear why Poupel Renewable Energy (PRE) is sparking conversations in the renewable energy industry and beyond with the innovative energy efficiency expertise of today.
Company Overview
Our energy efficiency expertise encompasses more than 30 building technologies and services for optimal facility energy performance. Our clients realize a dramatic reduction in operational expenses with little or no impact on capital budgets. In addition, our expertise in building systems and facility operations reduces our clients’ energy consumption, energy bills, and carbon footprint, while increasing resiliency.
Poupel Renewable Energy (PRE) is a growth-oriented renewable energy company that owns and operates a portfolio of 24 renewable energy facilities across nine states, totaling more than 2,500 MW of installed capacity. We are actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with about 20 GW of projects under development spanning over 100 projects. With projects currently under construction and soon to commence construction, we expect to commercialize over 1,000 MW of renewable energy projects in the next two years.
PRE is a portfolio company of OMERS Infrastructure, a preeminent global infrastructure investor and investment arm of OMERS, one of FRANCE largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021).
As passionate renewable energy advocates, we take great pride in responsible development and the safe operation of our projects. We are focused on building sustainable solutions for clean, renewable energy, and we remain dedicated to empowering communities through energy independence, job creation, and lasting partnerships.
Adapting to renewable energy industry challenges
The renewable energy industry is in transition: Markets that are increasingly subsidy-free and a more competitive Levelized Cost of Electricity (LCoE) are creating a more challenging environment in which to develop and execute renewable energy projects. As growth of renewable energy grows worldwide and revenue levels continue to drop, there is less remaining value for everyone involved in the project lifecycle. Developers and investors are looking for predictable returns from renewable energy in these unpredictable times.
As a leading renewable energy development company, PE Renewable Energy is addressing these challenges by adapting our approach to suit our customers’ needs and customizing our solutions to create value throughout project development. By optimizing the renewables value chain both technically and commercially from a very early stage, PE Renewable Energy puts its technical and commercial tools to work—helping provide execution certainty for developers and investors around the world.