Slate Asset Management has acquired an interest in Halifax-based Roswall Development Inc. The new buy-in is described as a “significant minority stake” to provide the renewable energy and energy services firm with capital to pursue more power development and retrofit business opportunities.

“We look forward to partnering closely with the Roswall team on integrations across our own real estate portfolio and supporting their mission of continuing to accelerate the energy transition worldwide,” says Christian Schmid, managing director and global head of infrastructure at Slate.

Roswall has a 15-year track record in the finance, construction and operation of wind and solar projects, and was awarded the first independent retail electricity licence to be issued in Nova Scotia in October 2021. Active largely in Atlantic Canada and the Caribbean, the company is also intent on expanding its energy services arm, focusing on commercial, institutional and industrial properties.

“The energy economy is changing at a dramatic pace,” observes Daniel Roscoe, Roswall’s chief executive officer. “We are excited to find a likeminded partner in Slate, with the capacity and experience to grow our approach and accelerate energy transition and climate action here in Nova Scotia and abroad.”