DATE: March 1, 2021

CarbonFree Technology and Connor, Clark & Lunn Infrastructure Announce Sale of Ontario Solar Portfolio

TORONTO, ON, March 1, 2021 – CarbonFree Technology and Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) today announced the sale of their jointly owned interest in a portfolio of commercial-scale Ontario solar projects to Potentia Renewables Inc, with funding from the newly created Power Sustainable Energy Infrastructure Partnership.

The BrightRoof solar portfolio, comprised of 57 rooftop and 5 ground-mount operating projects located across the province, has a generating capacity 18.6 MWp and produces more than 20 GWh of clean electricity each year. Twelve of the projects in the portfolio are wholly owned, while the other 50 are owned in partnership with the Métis Nation of Ontario (MNO), which will continue to hold its stake in the portfolio.

Over the past 10 years of working together, CarbonFree and CC&L Infrastructure have shifted their focus to developing and operating larger, utility-scale solar projects. In addition to the BrightRoof portfolio and 390 MWp of larger Ontario solar projects, the two companies have developed, constructed and operate 200 MWp of solar plants in Chile and have the rights to another 100 MWp of solar plants in Chile, to be constructed before the end of 2022.

CarbonFree and CC&L Infrastructure would like to thank the MNO for its steadfast partnership since 2012.

About CarbonFree Technology

CarbonFree Technology is a leading solar project developer, owner and operator, based in Toronto, Canada. CarbonFree develops and owns solar projects in Canada, the United States and Chile. Over the past 14 years, the company has developed more than 100 solar power projects with a total capacity of more than 500 MWp. For more information, please visit www.carbonfree.com.

About Connor, Clark & Lunn Infrastructure

CC&L Infrastructure invests in middle-market infrastructure and infrastructure-like assets with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flows. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage over CAD$86 billion in assets. For more information, please visit www.cclinfrastructure.com.

Contact

Kaitlin Blainey
Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

David Oxtoby
CEO
CarbonFree Technology
(416) 975-8800 x604
[email protected]

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For additional information on Connor, Clark & Lunn Infrastructure Ltd., please contact:

Kaitlin Blainey

Managing Director

 Tel: 1 (416) 216-8047

Brent Wilkins

Senior Vice President,
Head of Institutional Sales, Canada

 Tel: 1 (416) 364-5396

Catherine Dorazio

Managing Director,
Business Development

 Tel: 1 (604) 643-5829

Please take the time to carefully read the following as it contains important information regarding certain restrictions imposed by statute and the applicable securities regulatory authorities on the distribution of information through this website.

Material presented on this website should be considered for background information only and should not be construed as investment or financial advice. Further, information on this website should not be construed as an offer or solicitation by the Connor, Clark & Lunn group of companies to provide investment management services or to buy or sell any products.

The Connor, Clark & Lunn Infrastructure Ltd. (CC&L) website may contain hyperlinks to websites operated by parties other than CC&L. Such hyperlinks are provided for your reference only. CC&L does not control such websites and is not responsible for their contents. The inclusion by CC&L of hyperlinks to other websites does not imply any approval or endorsement of the material on such websites or any association with their operators.

The Connor, Clark & Lunn group of companies includes a number of entities that may be registered as investment advisers, investment fund managers and exempt market dealers in various provinces and territories of Canada. A number of entities are also registered with the Unites States Securities and Exchange Commission as advisers in that country and the Connor, Clark & Lunn group of companies also includes a number of investment advisers and fund managers that are authorized and regulated by the Financial Conduct Authority in the United Kingdom. The information provided on this website regarding each entity is directed solely towards qualified investors in jurisdictions where the appropriate entity is registered. Services offered by any of the entities in the Connor, Clark & Lunn group of companies are offered solely to qualified residents of the jurisdictions where the entities are qualified to do business.

Certain securities regulations prohibit the publication of specific registration information about the registered entities in the Connor, Clark & Lunn group of companies. For more information, please contact the Connor, Clark & Lunn Compliance Department at [email protected] or 604-685-2020.

CC&L Infrastructure
March 1st, 2021

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