GNR Québec Capital L.P., an investment fund dedicated to increasing the conversion of waste into renewable natural gas (RNG) in the Province of Quebec, announced the appointment of Gérard Mounier as president and general manager.
The company is the result of a partnership announced on June 1, 2020 between Xebec Dsorption Inc., a global provider of clean energy solutions, and the Fonds de solidarité FTQ, a development capital fund. As a result, GNR Québec provides developers and partners with access to capital and expertise to develop and operate facilities that treat and convert organic waste into renewable natural gas and biofertilizers.
“I am particularly proud to join the GNR Québec Capital team and thus contribute to the development of this new player in the renewable energy sector. Together, I am convinced that we will build an enterprise that will become an important growth driver in the renewable natural gas market in Quebec,” says Mounier.
“Renewable natural gas will play a big role in the energy transition. As co-founders of GNR Québec Capital, we are thrilled to be able to count on Gérard Mounier’s long experience to help develop this sector in Québec,” said Christian Brosseau, a vice president of the Fonds de solidarité FTQ.
“We are delighted to welcome Gérard to the management team of this new investment fund in Québec,” said Kurt Sorschak, chairman of Xebec. “His skills and professional experience in financing renewable energy projects and infrastructure will help accelerate the deployment of solutions to reduce Québec’s carbon footprint and promote the circular economy through better management of organic waste.”
Prior to his appointment, Mounier was a strategic advisor for Infrastructure, Energy and Natural Resources and co-chair of the Infrastructure Group at Lavery, a leading Quebec law firm. In this capacity, he advised pension funds and multinational corporations in Canada on project financing in the fields of solar energy, wind energy, biomass and biofuels.
Previously, at Desjardins Capital Markets, he managed the financing of projects with values of up to $250 million. He has also held management positions at Laurentian Bank, BNP Paribas, Royal Bank of Canada and Crédit Lyonnais.
He holds a master’s degree from the Institut Supérieur de Gestion in Paris. He is also a member of the Board of Directors of Nergica (an applied research center that stimulates innovation in renewable energy), the Infrastructure Council and the Cercle de la finance internationale de Montréal.
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