May 1, 2025
Potentia Renewables Inc. (Potentia), a leading Canadian developer, and operator and asset manager of renewable energy and battery energy storage facilities in North America, is pleased to announce the signing of two long-term Power Purchase Agreements (PPAs) with SaskPower for a combined 300 megawatts (MW) of new energy projects in Saskatchewan.
The agreements include a 100 MW solar energy development called Southern Springs Solar and a 200 MW wind energy development known as Rose Valley Wind. These projects reinforce Potentia’s commitment to expanding sustainable energy infrastructure across Canada and build on its established presence in Saskatchewan, where Potentia currently operates the 200 MW Golden South Wind Project near Assiniboia.
Potentia is proud to be partnering with M-Squared Renewables, a partnership between the Meadow Lake Tribal Council and the Mistawasis Nêhiyawak First Nation on these projects. M-Squared will own 51 per cent of each project, the largest Indigenous ownership to date for projects of this size in Saskatchewan.
Potentia Renewables
At Potentia, we believe that delivering energy must go hand-in-hand with building strong, respectful and mutually beneficial partnerships with Indigenous communities. These projects embody the principles of collaboration, sustainability, and shared prosperity. We are proud to work alongside the Meadow Lake Tribal Council, Mistawasis Nehiyawak, and SaskPower to create lasting economic benefits and advance the transition to a low-carbon future for Saskatchewan and beyond.
Future Development
CEO Ben Greenhouse, Potentia
The nine First Nations of the Meadow Lake Tribal Council, through its partnership with Mistawasis Nehiyawak, are proud to participate with Potentia in the development of two utility-scale renewable power projects in the Province of Saskatchewan. These new developments will significantly enhance Indigenous participation in the economy of our province while advancing economic reconciliation and self-determination for over 20,000 members of ten Saskatchewan First Nation communities.
We welcome this opportunity and wish to express our gratitude to our partners Potentia Renewables and Mistawasis Nehiyawak for the close and respectful working relationship. MLTC would also like to recognize SaskPower for their ongoing and deep commitment to ensuring Indigenous participation in renewable projects in Saskatchewan.
Tribal Chief Jeremy Norman, Meadow Lake Tribal Council
It is with great honor we congratulate SaskPower, Potentia, Meadow Lake Tribal Council Nations, and Misty Ventures on building this positive relationship through a successful procurement process on the Renewable Energy projects listed. Truth and Reconciliation can occur as we continue to show progress and teamwork.
Project construction
Chief Daryl Watson, Mistawasis Nehiyawak
Both projects are expected to move into construction phases shortly, with operations anticipated to commence in late 2027. They will deliver significant benefits, economic development opportunities, and contribute meaningfully to Saskatchewan’s commitment to expanding its energy supply. To read more about the PPA signing, visit www.saskpower.com.
Upcoming
Stay tuned for forthcoming newsletters in 2025 that will showcase our partners, employment opportunities and the ongoing developments of Misty Ventures Inc.
