Building renewable energy projects for a low carbon Canadian future
Canada aims to achieve net-zero emissions by 2050. Our mission is to support this effort by leveraging our 35+ years of experience in the renewable energy industry to acquire, develop, and operate wind, solar, hydro or energy storage assets across the country for our investors and partners.
Canada is well-positioned to continue its renewable energy growth:
The federal government recently passed legislation for an investment tax credit up to 30% for capital invested in the adoption and operation of renewable energy
Canada has abundant renewable energy resources, an innovative and skilled workforce, and a strong supportive financial sector
Our Expertise
Ven Renewables has over 35 years of collective experience in the Canadian renewable energy market, including wind, hydro, solar and battery storage. Our expertise spans across project development, business development, engineering, construction, asset management and acquisitions of over 2,000 megawatts of projects.
Success in building sustainable developments starts with relationships. We believe putting the people we collaborate with first – local communities, First Nations, landowners and any additional key stakeholders – is the pathway towards meaningful economic and social returns for all parties involved.
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Our team has developed projects through site selection, resource & layout designs, stakeholder engagements, financial evaluations, investment approvals, equipment procurement, interconnection processes, permitting all the way to construction.
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Our experience includes market analysis, forming strategic partnerships, securing financing, navigating regulatory landscapes and acquiring offtake agreements through public tenders and private agreements with 3rd parties (electricity and renewable energy credits).
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Planning, designing, constructing, and maintaining infrastructure for solar, wind, hydroelectric, and storage systems. This includes feasibility studies, equipment designs, grid connections, project management, contractor selection, construction management, commissioning, and optimization.
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We have integrated assets into energy markets and operations, optimized performance, maintenance, and managed all business aspects of renewable energy assets. This includes contract management, leading community funding initiatives, revenue settlement, budgets, stakeholder relations and renewable energy credit verification and trading.
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The team has acquired and merged several assets and companies throughout their careers. This includes leading due diligence, red flag analysis, valuations and closing of deals.
Meet the Team
The team is comprised of seasoned professionals who have specialized in the Canadian renewable energy space. In addition to the team, we rely on an extensive network of renewable energy experts that we have developed strong relationships with, including (but not limited to) consultants, lawyers, manufacturers, equipment suppliers and contractors to help us successfully execute our projects.
Hem Shankar
Founder & President
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Hem has been in the renewable energy industry for over 15 years, acquiring significant expertise in project development, business development, mergers and acquisitions, and asset management of more than 2,000MW across North America.
In 2016, Hem was brought on board alongside the former CEO, Jeff Jenner, to start the utility-scale renewable platform and manage the deployment of $1 billion in capital for Potentia; Power Corporation of Canada's utility arm. During his tenure at Potentia, Hem was instrumental in growing the company from 100MW to the 1000MW+. In addition to leading the build-out of numerous renewable energy assets, he transitioned into managing the company’s utility-scale assets in operations. Hem has held various roles in the renewable energy space from consulting to large scale IPP’s.
Hem has a Bachelor of Applied Science in Civil Engineering from the University of Waterloo and a Master of Business Administration from the Ivey Business School at the University of Western.
Ron Diduch
VP, Strategy & Corporate Development
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Ron has been a renewable energy executive for more than 20 years with experience developing and building pipelines of renewable energy assets that have become operational over the past few decades.
Previously, Ron was Senior Vice President of Engineering and Construction for Potentia Renewables Inc. as the company won over 1,000MW of new contracts and initiated construction of the pipeline in Western Canada. Ron is also the former CEO and President of Sequoia Energy a successful Winnipeg based developer of over 2,100MW of wind, solar and run of river renewable energy projects in North America for over decade (Sequoia Energy was later acquired). At Sequoia Energy, he raised over $28 million in development capital from institutional investors and $260 million in construction financing.
Ron has a Bachelor of Science in Mechanical Engineering from the University of Manitoba and Master of Business Administration from the University of Alberta.
Juergen Kraus
VP, Technical Services
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With 35 years of experience in the renewable energy industry, Juergen brings expertise in corporate management, technical design, pre-construction services, procurement, and on-site project management. He has supported more than 2,500 MW of renewable energy projects throughout North America.
At Potentia Renewables Inc., Juergen played a key role in developing over 500 MW of utility-scale projects, overseeing early-stage designs, construction cost estimations, contractor procurement, and on-site construction management. Juergen was also an early-stage investor and served as a Technical Executive for Sequoia Energy – a successful Winnipeg based developer responsible for over 2,100 MW of wind, solar, and run-of-river renewable energy projects across North America for over a decade (Sequoia Energy was later acquired).
As President and Vice President of Kraus Group – a specialized mechanical designer and retailer of unique products, including hydrogen dispensers, for global oil and alternative fuel companies – Juergen led a team of 225 people and helped the company achieve annual sales exceeding $30 million during his 17 year tenure.
Working With Us
Whether you are a landowner interested in earning revenue from renewable sources, a prospective investor aiming to make a sustainable impact, or a developer exploring partnership opportunities, here is what you can expect when you reach out to our team to inquire about an engagement with us.
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Following your inquiry we’ll set up a discovery call to introduce ourselves, deep dive into your current situation and understand your goals and objectives.
Discovery Call
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Within 5-7 business days we’ll book a follow up call to share our assessments including recommendations, considerations and/or any concerns.
Opportunity Assessment
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Once we align that our teams are a good fit, the final step will be drafting a contract with your project details and signing off on the terms to formalize the engagement.
Formalize Engagement
