Microgrid Growth in Canada, Central and South America

Source: Elisa Wood | · ENERGY CHANGEMAKERS · | December 7, 2025

Spring Lane Capital's CA$100M Canadian investment offers an example of market animation

In the Americas, microgrid growth is clearly stretching north and south of the US border.

Particularly interesting is the volume of microgrid and distributed energy projects in Canada.

This looks like a big shift from a few years ago. Shortly after the Inflation Reduction Act passed, I attended a decentralized grid conference in Canada and was struck by the defeated mood of the presenters. While we in the US were celebrating, they were despondent over how much harder the IRA had made it to compete with the US on clean energy and electric vehicles.

It’s probably safe to say that’s no longer the case.

Microgrid growth in Canada

Spring Lane Capital’s recent announcement offers an example of animation in Canada’s market.

With offices in Boston and Montreal, the private equity firm is investing CA$100 million in Canadian distributed energy projects as part of a partnership with AltCrest Energy, a Toronto-based developer, and Development Engine Partners.

In many ways, Canada looks like the US, with demand for power growing from data centers, onshoring of manufacturing, and electrification. But there is one big difference, as Jason Scott, partner at Spring Lane Capital, points out:

“The Canadian government continues to support the growth of renewable energy systems from a policy perspective, making Canada an attractive market to operate and deploy capital.”

It’s a pretty straightforward example of favorable government policy attracting investors.