| Asset Type | Energy Infrastructure |
| Status | Greenfield |
| Asset Description | BlueWave is a development company focused on distributed generation (DG) solar and utility-scale storage, specifically focused on community solar, in the US Northeast and Mid-Atlantic. The development pipeline consists of over 1.3 GW of capacity across over 140 projects and 5 states. |
| Asset Revenues | Community solar projects will generate revenue by state community solar bill credits earning retail rates for 20–25 year initial periods depending on market. Beyond the initial program, projects will be able to sell electricity on a merchant basis. Storage projects will generate revenue through capacity revenues and energy arbitrage. |
| Asset type | Energy Infrastructure (transmission line) |
| Status | Operational (COD between Sept. 2013 and Jan. 2014) |
| Asset description | Wind Energy Transmission Texas, LLC (WETT) is a regulated electric transmission provider in West Texas that owns and operates 500 circuit miles of transmission lines and six switching stations across eleven West Texas counties. |
| Asset revenues | Rate base revenue mechanism paid from the pooled revenues collected by the ERCOT from ~80 electric distribution service providers in Texas. |
| Conterparties | ERCOT - Electric Reliability Council of Texas and PUCT - Public Utility Commission of Texas |
| Asset Type | Energy Infrastructure |
| Status | Under construction (commercial operations in Q2/Q3 2024) |
| Asset Description | Equity interest in a shovel-ready 900 MW combined-cycle power plant to be located approximately 200 km west of Edmonton, AB. |
| Asset Revenues | Market energy sales with ~80% of the gas supply sourced via three 14 years average gas netback agreements (gas prices indexed to electricity prices). |
| Counterparties | Peyto Exploration & Development Corp. – Pacific Canbriam Energy Ltd. – Cutbank Dawson Gas Resources Ltd. |
| Asset Type | Social Infrastructure (graduate student housing) |
| Status | Operational (substantial completion in 2014) |
| Asset Description | Aspire at West Campus is a purpose-built graduate student housing facility located at the University of Iowa (UI) in Iowa City. The facility is the only on-campus graduate student housing facility at UI and consists of 521 apartments with a total of 862 beds. Aspire is currently operated pursuant to a ground lease and operating agreement with UI under a 50-year term, including sponsor’s 10-year extension option. Rental rates are set collaboratively with the University but the sponsor has ultimate decision making authority. The original developer, Balfour Beatty, has been retained as property manager and is responsible for maintenance of the property as well as unit leasing and rent collection, for which the University also provides support. |
| Asset Revenues | Rental revenue is collected from students every month. Revenues earned above a 95% occupancy rate are split 50:50 with UI. |
