| Asset Type | Energy Infrastructure |
| Status | Operational (COD between December 2013 and March 2014) |
| Asset Description | Ten solar PV facilities with 108 MW DC of aggregate generation capacity. Projects developed by Recurrent Energy under the Ontario government’s Feed-in-Tariff (FIT) program. |
| Asset Revenues | 100% of power produced is sold under 20-year Power Purchase Agreements (PPAs) |
| Counterparty | IESO |
| PPA Expiry | 2033 and 2034 (20 years following COD) |
| 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 (Solar + Battery Storage) |
| Status | EdSan1A in operation (full COD Q3 2022) and EdSan1B closed at full COD in Q4 2023) |
| Asset Description | 346 MW solar + 1,505 MWh battery storage (EdSan1A) and 410 MW solar + 1,786 MWh battery storage (EdSan1B), the two projects are located in southern California and are expected to be the largest solar + storage project in the U.S. on a combined basis. EdSan1A reached COD from Aug. 2021 – Sept. 2022 and EdSan1B reached COD in late 2023. The projects benefit from a diverse set of revenue contracts, in addition to a partner who is the O&M provider and asset manager, creating alignment of interests. |
| Asset Revenues | The project has a diverse set of 15+ revenue contracts, including for solar electricity and RECs, as well as capacity contracts. Offtakers include investor-owned utilities, corporations, and community choice aggregators. |
| Contract Expiry | Project offtake agreements terminate in 7-15 years, with the projects earning revenue on a merchant basis thereafter. |
| 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. |
