Energy Infrastructure

Operational (COD between August 2015 and July 2022)

174.2 MW operational portfolio of 22 wind projects located in the French regions of Hauts-de-France (13 projects / 79.4 MW), Nouvelle‑Aquitaine (5 projects / 52.8 MW), and Grand Est (4 projects / 42.0 MW).

The Portfolio revenues are secured by French government backed Feed-in-Tariff (FiT) and Contract-for-Difference (CfD) schemes. These contracts provide an effectively fixed tariff on 100% of the energy produced by each project, with annual inflation-linked indexation. Under FiT contracts, 60% of the tariff is indexed to inflation, while under CfD contracts, 30% of the strike price is indexed. Contract durations range from 15 to 20 years from COD and are administered by EDF OA, whose payment obligations are fully backed by the Government of France (rated Aa3 by Moody’s).

Social Infrastructure (long-term care facilities)

Operational

80% interest in a portfolio of senior care facilities in Quebec from Groupe Santé Sedna, comprising 8 facilities and approximately 1,172 beds, with Sedna remaining as operator post-closing.

LTC facilities are licensed, regulated, and funded by provincial governments. Governments subsidize care, programs, supplies, and a portion of accommodation costs, while residents typically contribute through regulated co-payments. Funding rates paid to operators are generally established on an annual basis by the relevant provincial authority, including Ministère de la Santé et des Services Sociaux (MSSS) and Santé Québec. Two of the facilities are under long-term funding agreements with religious communities with pre-determined funding rates.

Ministère de la Santé et des Services Sociaux (MSSS), Santé Québec & Various religions communities

Energy Infrastructure

Operational (COD in 1884)

Upper Peninsula Power Company (UPPCO) is the largest electric utility in Michigan’s Upper Peninsula serving 53,000 electric customers in the region. UPPCO’s asset base is comprised solely of generation and distribution assets, including 4,500 distribution line miles, 50 substations, and 57MW of owned generating capacity coming largely from seven hydroelectric facilities located in the Upper Peninsula. UPPCO also plans to begin building a 62MW utility scale solar asset in 2025/2026. The Company is rate-regulated by the Michigan Public Service Commission.

Rate base revenue mechanism paid by residential, industrial, commercial and municipal electricity customers in its service territory.

Michigan Public Service Commission

Energy Infrastructure

Operational (COD between November 2012 and November 2013)

Quality Wind: a 142.2 MW wind facility located near Tumbler Ridge in northeastern British Columbia PDN Wind: a 104.4 MW wind facility located in Haldimand and Norfolk Counties in southern Ontario

100% of the power produced is sold to BC Hydro and the IESO under long-term Power Purchase Agreements (PPA), with a capacity-weighted remaining term of approximately 11 years.

BC Hydro and IESO

Social Infrastructure (residential and nursing care homes)

Operational

100% equity interest in a portfolio of 9 facilities representing 422 beds in Southern England: Marigold Portfolio: 7 facilities representing 325 beds, acquired on February 10th, 2023 Petunia Portfolio: 2 facilities representing 97 beds, acquired on July 25th, 2023 Fulcrum Care Consulting is the operator of the homes

Residential and nursing care home fee revenues are paid by self-funded individual residents and by local governments providing funding on behalf of residents that require financial assistance. Nursing care homes earn an additional layer of fees from the National Health Service (NHS England).

Operator: Fulcrum Care Consulting Residential care service agreements: local and federal government (37% of revenues); self-funded individual residents (63% of revenues)

Social Infrastructure (long-term care facilities)

Operational

85% interest in 34 facilities representing 5,294 beds located in Ontario and Manitoba. Extendicare is the operator and owns the balance of the equity ownership interest in the portfolio.

LTC facilities are licensed, regulated and funded by the provincial governments. The provincial governments subsidize the care, programs, supplies and accommodation costs of the residents, who are also typically subject to a co-payment. The funding rates paid by the government and the residents to the operators are generally set on an annual basis and differ by province.

Provincial health ministries or regional agencies for the provinces of Ontario and Manitoba.

Energy Infrastructure (Transmission Line and Station)

Under Final Development (COD expected by end of 2027)

10 km double-circuit 230kV transmission line and 230kV transformer station located within the city of Sault Ste. Marie. Among other connections, this asset will power Algoma Steel Inc. (large Canadian steelmaker)’s transition from using coal to clean electricity (via electric arc furnaces) and reduce its CO2 emissions by 70% (3 million tons annually).

The asset will be governed under the Ontario regulatory utility framework through which it will be entitled to recover all prudently incurred costs plus a regulated return on its debt and equity through a performance based ratemaking scheme.

Settlement counterparty: IESO Regulator: Ontario Energy Board

Energy Infrastructure

Meadow Lake VI: Operational (COD December 2018) Prairie Queen: Operational (COD August 2019)

Meadow Lake VI: 200.4 MW wind farm located in White and Benton Counties, IN Prairie Queen: 199.3 MW wind farm located in Allen County, KS

100% of the projects’ production is contracted to be sold to investment-grade counterparties under 15- to 20-year power purchase agreements

Meadow Lake VI: Wabash Valley Power (75.4 MW) / Cummins Inc. (75 MW) / Nestle, USA (50 MW) Prairie Queen: Kansas City Power & Light (100%)

Energy Infrastructure

Operational (COD in October 2015)

100 MW operating wind facility located in Lambton County, Ontario. The wind facility was developed under Ontario’s Feed-in-Tariff (FiT) program.

100% of power produced is sold to the IESO under a 20-year Power Purchase Agreement (PPA).

IESO

Social Infrastructure (long-term care facilities)

Operational

92.5% equity interest in a portfolio of 16 long-term care facilities in operation, representing 2,418 beds located in Ontario. AgeCare is the operator and owns the balance of the equity ownership interest in the portfolio.

LTC facilities are licensed, regulated and funded by the provincial governments. The provincial governments subsidize the care, programs, supplies and accommodation costs of the residents, who are also typically subject to a co-payment. The funding rates paid by the government and the residents to the operators are set on an annual basis by the Ontario Ministry of Long-Term Care.

Regulator: Ontario Ministry of Long-Term Care

Energy Infrastructure

Operational (COD in December 2015)

40 MW operating wind facility located in Dufferin County, Ontario. The wind facility was developed under Ontario’s Feed-in-Tariff (FiT) program.

100% of power produced is sold to the IESO under a 20-year Power Purchase Agreement (PPA).

IESO

Energy Infrastructure (Solar Power)

Operational

691 MWdc / 465 MWac operational solar project located in southern Alberta. The project utilizes monocrystalline silicone bifacial modules supplied by JinkoSolar with single-axis trackers by NEXTracker. The project also includes additional land under lease options for a potential future expansion.

The project has a 15-year PPA with Amazon for 400 MW at a fixed tariff rate, which represents 86% of the capacity. The PPA includes the environmental attributes associated with the contracted production. The project will maintain a 14% merchant exposure to energy and carbon credits over the PPA period

Energy Infrastructure (Solar + Battery Storage)

EdSan1A in operation (full COD Q3 2022) and EdSan1B closed at full COD in Q4 2023)

346 MW solar + 1,339 MWh battery storage (EdSan1A) and 358 MW solar + 1,497 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.

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.

Energy Infrastructure

Greenfield

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 GW of capacity.

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.

Social Infrastructure (Student Housing)

Operational

Mass Ave Housing Partners is a concession from the University of Massachusetts Amherst to construct and operate on-campus undergraduate and graduate student housing facility . The undergraduate facility features 253 apartments with a total of 623 beds and the graduate facility features 140 apartments with a total of 201 beds. Construction of the undergraduate and graduate facilities was completed in August 2023 and November 2023, respectively. The facility is operated pursuant to a concession agreement with the University for a 65-year term. The Project Company has the authority to set annual rental rate increases subject to a cap as well as set its own operating budget. A third-party property manager is responsible for maintenance of the property as well as unit leasing and rent collection.

Rental revenue is collected from students every month. Approximately 3% of rental revenues will be paid to the property manager as a management fee.

University of Massachusetts (S&P: AA- / Moody’s: Aa2 / Fitch AA)

Energy Infrastructure (100% wind)

Operational

1,062 MW diversified portfolio of 7 wind assets. The portfolio is located in 3 states in the US. The portfolio has a weighted average operational age of 7 years and strong historical availability. 60% of capacity is currently contracted under long term offtake agreements.

The assets are primarily contracted under long-term PPAs with high-grade utility and corporate counterparties that bear a weighted average credit rating of A. Part of the portfolio currently operates on a merchant basis.

Social Infrastructure (Personal Care Home Portfolio)

Operational

90% interest in a portfolio comprised of seven personal care facilities representing 449 rooms. Kirby Group, the largest operator in Newfoundland & Labrador, is the operator and owns the balance of the ownership interests in the portfolio.

Personal care facilities are licensed, regulated and funded by the provincial government. The provincial government subsidizes the care, programs, supplies and accommodation costs of the residents, who are also subject to a co-payment as determined by a Regional Health Authority conducted financial assessment of incoming residents.

Regional Health Authorities (agencies of the provincial government)

Energy Infrastructure

Operational

1,415 MW diversified portfolio of 28 wind and solar assets. The portfolio is located in 12 states throughout the US. The projects are prime recontracting and repowering targets, providing significant future opportunity. Four of the projects, totaling 227MW, have already been repowered in the last 2 years.

The assets are contracted under long-term PPAs with high-grade utility and corporate counterparties that bear a weighted average credit rating of A.

Exelon Generation

Energy Infrastructure (Battery Storage)

Operational

350MW (1400MWhs) battery storage project located in southern California. Construction started in August 2021 and reached COD in September and October 2022. Operationally, the project provides energy, capacity and supply-shifting benefits to the California grid. The project has two ~15-year offtake contracts for the total project capacity.

200MW are contracted under a tolling agreement for 14 years and 10 months, during which there is no merchant exposure. 150MW are contracted under a capacity contract for 15 years, during which it will earn energy arbitrage revenues on a merchant basis.

Recurrent Energy, Southern California Edison (SCE), Pacific Gas & Electric (PG&E)

Social Infrastructure (graduate student housing)

Operational

Swiftsure Housing Partners is a partnership between Axium and Balfour Beatty to construct a graduate student housing facility located at Vanderbilt University in Nashville, Tennessee. The facility will be the only on-campus graduate student housing facility at Vanderbilt University and consists of 529 apartments with a total of 616 beds. The facility will be operated pursuant to a ground lease and cooperation agreement with Vanderbilt University under a 65-year term. Rental rates are set collaboratively with the University on an annual basis and are subject to a cap that ensures rental rates will stay at a specified discount to market rates in the Nashville area. Balfour Beatty Campus Solutions 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.

Rental revenue is collected from students every month. Revenues earned above a 95% occupancy rate are split 75% to Swiftsure Housing Partners and 25% to Vanderbilt University long-term.

Balfour Beatty Campus Solutions (property manager)Vanderbilt University (S&P: AA+ / Moody’s: Aa1 / Fitch AAA)

Ground lease with the Vanderbilt University expires in 2086

Energy and Social Infrastructure

Operational

50-year concession to operate, maintain and upgrade the Georgetown University utility system, which is all of the electric, steam and condensate, natural gas, chilled water and associated central assets serving the Main and Downtown campuses, and includes utility and energy services to the Jesuit Community, the Georgetown University Medical Center and MedStar Georgetown Hospital. The concessionaire will also implement energy conservation measures to achieve a 35% reduction in energy use intensity

In exchange for an upfront payment, the Concessionaire receives three revenues steams: (i) a starting fixed fee of $21.1 million that grows by ~$2.2 million per year until 2031, then growing at 1.5% per year; (ii) a return on investment for capital improvements made to the system over the term of the concession; and (iii) payment of operating costs on a pass-through basis

Georgetown University

2071

Energy Infrastructure

Operational (COD between February 2012 and November 2014)

Four wind facilities and two solar facilities totalling 396 MW of aggregate generation capacity located in Ontario in the counties of Lambton, Middlesex, Haldimand, Huron, and Wellington. The wind facilities were developed under Ontario’s Feed-in-Tariff (FiT) program and the solar facilities were developed under Ontario’s Renewable Energy Standard Offer Programme (RESOP)

100% of power produced is sold to the IESO under 20-year Power Purchase Agreements (PPAs).

IESO

Social Infrastructure (long-term care facilities)

Operational

90-95% interest in 25 facilities representing 2,939 beds located in Alberta and BC. Optima Living is the operator and owns the balance of the equity ownership interest in the portfolio.

Continuing care facilities in Alberta and British Columbia are licensed, regulated and funded by the provincial government. The provincial government subsidizes the care, programs, supplies and accommodation costs of the residents, who are also subject to a co-payment. The funding rates paid by the government and the residents to the operators are set on an annual basis.

Alberta Health Services and various B.C. Regional Health Authorities

Energy Infrastructure

Operational (COD in 2024)

Equity interest in a shovel-ready 900 MW combined-cycle gas power plant to be located approximately 200 km west of Edmonton, AB

Market energy sales with ~80% of the gas supply sourced via three 14 years average gas netback agreements (gas prices indexed to electricity prices)

Three gas netback agreements with well established counterparties (Peyto Exploration & Development Corp., Pacific Canbriam Energy Ltd. and Cutback Dawson Gas Resources Ltd.) (weighted average term of ~14 years)

Energy Infrastructure (natural gas power generation)

Operational (COD in 2023)

CPV Three Rivers is a 1,258 MW combined cycle power generation project located in northeastern Illinois, within the ComEd load zone of PJM. The project issued NTP in late August 2020, with commercial operations anticipated in Q3 2023.

Project will generate revenue by participating in PJM’s energy and capacity markets. Roughly 90% of the Project’s gross energy margin is secured for the first five years of operations through Power Price-Based Gas Supply Agreements whereby the project purchases gas at a fixed percentage of day ahead electricity prices.

Capacity & Energy Revenue – PJM ISO Power Price-Based Gas Supply – Morgan Stanley, Advantage Oil & Gas

Energy Infrastructure (transmission line)

Operational (COD between Sept. 2013 and Jan. 2014)

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 nine switching stations across eleven West Texas counties. WETT serves as a critical link between renewable generation in West Texas, and key load centers in Central and East Texas including Houston, Austin and San Antonio. All of WETT’s transmission facilities are located within the Electric Reliability Council of Texas (ERCOT) interconnection and the Company is rate-regulated by the Public Utility Commission of Texas (PUCT).

Rate base revenue mechanism paid from the pooled revenues collected by the ERCOT from ~80 electric distribution service providers in Texas.

ERCOT - Electric Reliability Council of Texas and PUCT - Public Utility Commission of Texas

Transportation infrastructure

Operational (COD in 1972)

Metropistas is the toll road concessionaire operating PR-22 and PR-5 in Puerto Rico under a 50-year concession that commenced in 2011 with the Puerto Rico Highways & Transportation Authority (PRHTA). As of 2025, Axium is now an equity owner of the Yunque concession, which includes PR-52, PR-66, PR-53, and PR-20. Both concessions are managed under the Metropistas name.

~94% toll-based revenue (all-electronic tolling) / ~5% from Dynamic Toll Lanes (DTL) revenue / ~1% from non-toll revenue sources

Social infrastructure

Operational

92.5% interest in two portfolios (Aster and Bloom) comprising of 26 facilities representing 4,114 beds located in Alberta and B.C. AgeCare is the operator and owns the balance of the equity ownership interests in the two portfolios.

Long-term care facilities are licensed, regulated and funded by the provincial government. The provincial government subsidizes the care, programs, supplies and accommodation costs of the residents, who are also subject to a co-payment. The funding rates paid by the government and the residents to the operators are set on an annual basis.

Alberta Health Services (agency of the provincial government), Various B.C. Regional Health Authorities (agencies of the provincial government)

Social Infrastructure (graduate student housing)

Operational (substantial completion in 2014)

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.

Rental revenue is collected from students every month. Revenues earned above a 95% occupancy rate are split 50:50 with UI.

Energy Infrastructure

Operational (COD in August 2011 for Copper Crossing and November 2010 for Dry Lake II)

50% interest in a portfolio of two operating renewable projects, one 65.1 MW wind farm (Dry Lake II) and one 23 MWdc solar farm (Copper Crossing), both located in Arizona and fully contracted under long- term PPAs.

100% of power produced at Dry Lake II is sold under a 20-year PPA and 100% of power produced at Copper Crossing is sold under a 25-year PPA, both to the same offtaker, Salt River Project.

Energy Infrastructure (District heating & cooling)

Operational (generation unit COD between 1980 and 2017)

Tri-generation energy complex located in Boston’s Longwood Medical and Academic Area (LMA). Medical Area Total Energy Plan (MATEP) provides 100 MW of electricity capacity, 1,000,000 lbs / hr of steam capacity, and 41,000 tons chilled water.

Revenues derived from long-term utilities contracts with hospitals and medical institutions located in the LMA, including six hospitals affiliated with Harvard University.

Institutes affiliated with Harvard Institutes of Medicine (Boston Children’s Hospital, Brigham & Women’s Hospital, Beth Israel, Dana-Farber Cancer Institute, Harvard Medical School, Joslin Diabetes Center) (Average credit rating of AA-)

2051 (~33 years following acquisition closing)

Energy Infrastructure

Operational

Nine solar PV facilities in Ontario totalling 101.5 MWdc of aggregate generation capacity located in the municipalities of Smiths Falls, Perth, Coldwater, and Wyebridge. The installations were developed under the government's Feed-in-Tariff (FiT) program.

100% of power produced is sold under 20-year Power Purchase Agreements (PPAs)

IESO

Energy Infrastructure (Natural gas power generation)

Operational (COD in 1996)

Brooklyn Navy Yard (BNY) is a 286 MW natural gas combined cycle cogeneration facility located in Brooklyn, New York City which sells steam and electricity output to the Consolidated Edison Company of New York (ConEd). BNY has steam output capacity of 1,000,000 lbs per hour.

Energy Infrastructure

Operational (COD between October 2014 and October 2015)

Three run-of-river hydroelectric facilities located near the Iskut River watershed in Northwestern British Columbia with a total installed capacity of 303 MW.

100% of power produced is sold to BC Hydro under a fully inflation-indexed 60-year Power Purchase Agreement (PPA).

BC Hydro (rated Aa2 by Moody’s, A by S&P, and AA by DBRS)

Between October 2074 and October 2075 (60 years following COD)

Energy Infrastructure

Operational (COD between November 2012 and October 2014)

Eight solar PV facilities in Ontario totalling 105.5 MWdc of aggregate generation capacity located in the municipalities of Brockville, Ottawa, Temiskaming, Mississipi Mills, and South Stormont. The installations were developed under the Ontario government's Feed-in-Tariff (FiT) program.

100% of power produced is sold under 20-year Power Purchase Agreements (PPAs)

IESO

2032 and onward (20 years following COD)

Energy and Social Infrastructure

Operational

50-year concession to operate and maintain The Ohio State University’s campus district energy system, including the production and/or distribution of steam, chilled water, natural gas, and electricity across the 485-building Columbus campus and implementation of a comprehensive energy conservation program designed to increase system efficiency by 25% or greater.

In exchange for an upfront payment, the Concessionaire receives three revenue streams: (i) a fixed $45 million per year (escalating at 1.5% per annum); (ii) a return on investment for capital improvements made to the system over the term of the concession; and (iii) payment of operating costs on a pass-through basis.

The Ohio State University (S&P: AA; Moody’s: Aa1)

2067

Energy Infrastructure (Natural gas power generation)

Operational (COD in December 2018)

Kings Mountain Energy Center (KMEC) is a 470 MW CCGT in North Carolina. The asset is contracted under long-term PPAs with creditworthy counterparties.

Energy Infrastructure

Operational (COD between June 2012 and May 2014)

5 solar PV facilities with 69 MW DC of aggregate generation capacity. Facilities are located in California and Georgia. The projects were originally developed by smaller solar companies and subsequently sold to RETC, from which Axium purchased the assets.

All of the projects benefit from long-term, fixed-price contracts with creditworthy counterparties, and terms ranging from 15 to 25 years.

Georgia Power, Imperial Irrigation District, Modesto Irrigation District

2027 to 2037 (15 years, 20 years and 25 years following COD)

Energy Infrastructure

Operational (COD between November 2014 and January 2015)

Three solar PV facilities with 41 MWdc of aggregate generation capacity. Projects were developed by Canadian Solar Solutions Inc. under the Ontario government’s FIT program.

100% of power produced is sold under 20-year Power Purchase Agreements (PPAs)

IESO

2034 for 2 assets and 2035 for the other (20 years following COD)

Energy Infrastructure

Operational (COD in May 2015)

270 MW wind farm located in Goderich, Ontario that was jointly developed by Samsung Renewable Energy, Pattern Energy and Capital Power. K2 is one of the two largest operating wind assets in Ontario.

100% of power produced is sold under a 20-year Power Purchase Agreement.

IESO

2035 (20 years following COD)

Energy Infrastructure

Operational (COD in December 2015)

150 MW wind project utilizing Vestas turbine technology, with turbine and Balance of Plant (BOP) operations and maintenance services provided by Vestas and EDF Renewable Services.

100% of power produced is sold under a 20 year term Power Purchase Agreement (PPA).

Kansas City Power & Light

2036 (20 years following COD)

Energy Infrastructure

Operational (COD dates between 2008 and Q1 2016)

1,600 MW wind portfolio consisting of 12 assets in 7 states. Portfolio projects use a variety of tier 1 wind turbines (Vestas, Gamesa, GE, Suzlon), with operations and maintenance services being provided by original equipment manufacturers under long-term agreements.

93% of power produced is sold under PPA to creditworthy investor-owned utilities, municipal power agencies, and government entities, with the remaining 7% expected to be re-contracted in 2025

2024 - 2039 (Between 15 and 25 years )

Energy Infrastructure

Operational (construction completed in December 2014)

101.2 MW wind farm located in the Québec municipalities of Ste-Marguerite-Marie and Causapscal which was developed by Axium Infrastructure under Hydro-Québec’s 2005 call for power.

100% of power produced is sold under a 20-year Power Purchase Agreement (PPA)

Hydro-Québec

December 2034 (20 years following COD)

Energy Infrastructure

Operational (COD in October 2012)

80 MW wind farm located in the municipality of Saint-Robert-Bellarmin, Québec. The project was developed by EDF EN Canada, and is fully contracted under a 20-year Power Purchase Agreement with Hydro-Québec.

100% of power produced is sold under a 20-year Power Purchase Agreement.

Hydro-Québec

2032 (20 years following COD)

Energy Infrastructure

Operational (COD in November 2013)

100 MW wind farm with 50 E82 Enercon Turbines

100% of power produced is sold under a 20-year Power Purchase Agreement (PPA).

Hydro-Québec

2033 (20 years following COD)

Transportation Infrastructure

Operational (project completion was achieved on December 18, 2019)

Project involves the design, construction, financing and maintenance of a suburban train maintenance center, which will include an inspection building, a workshop for major repairs, a wheel profiling workshop, a washing process building, and a day garage to park the trains

100% availability-based (no exposure to volume / market risk)

Réseau de transport métropolitain (RTM) (formerly AMT: agency of the government of Québec coordinating public transportation services across the Montreal region)

2048 (concession term: 30 years after substantial completion)

Transportation Infrastructure

Operational

Largest container terminal operator at the Port of Montreal, Montreal Gateway Terminals operates two of the Port’s four international terminals. In 2018, the container volume totaled 900,000 TEU.^{1 1}TEU stands for twenty-foot equivalent container units.

Container handling revenues, with rates ($/container basis) determined in medium-term contracts with each shipping line

Lease: Port of Montreal

Energy Infrastructure

Operational (COD in December 2010 and December 2011)

Four operational solar PV facilities (Elmsley East, Elmsley West, St.Isidore A and St.Isidore B) with 47.1 MWdc of aggregate generation capacity located in the townships of Rideau Lakes and St. Isidore near Ottawa, Ontario. The installations were developed under the IESO’s RESOP Program

100% of power produced is sold to the IESO under 20-year Power Purchase Agreements (PPAs)

IESO

2030 / 2031 (20 years following COD)

Energy Infrastructure

In construction

Two solar PV facilities (Brockville and Beckwith) with 24.4 MWdc of aggregate generation capacity located near Brockville and Ottawa, Ontario.

100% of power produced is sold to the OPA under 20-year Power Purchase Agreements (PPAs)

Ontario Power Authority

2033 - 2034 (PPA term: 20 years following COD)

Energy Infrastructure

Operational

Equity interest in a renewable energy portfolio representing 679 MW of fully contracted generation capacity. Portfolio comprises 12 projects (10 wind and 2 solar) located across 4 provinces (BC, ON, NB, PEI).

100% of power produced is sold to the OPA under 20-year Power Purchase Agreements (PPAs)

BC Hydro, IESO, NB Power and PEI Energy Corp

From 2021 to 2033

Social Infrastructure (Greenfield PPP)

Operational (substantial completion reached on February 19, 2019)

The project involves the design, construction, financing and maintenance of a ~250,000sq.ft. patient care wing that will be attached to the existing Etobicoke General Hospital. It will accommodate acute clinical services and administrative functions for the broader Etobicoke General Hospital.

100% availability-based (no exposure to volume / market risk)

The William Osler Health System.

2048 (30 years following substantial completion)

Transportation infrastructure

Operational

Highway 407 is the world’s first all-electronic, open-access toll highway, stretching 108 kilometers from the west to the east of the Greater Toronto Area. The highway forms part of the 400-series highways, serving as a bypass of Highway 401 and a major east-west corridor across the suburbs to the north of the city.

100% toll-based (all-electronic tolling)

2098 (concession term: 99 years)

For more information visit: www.407etr.com

Energy Infrastructure

Operational (COD between January and March 2013

Three solar PV facilities (Amherstburg, Belmont and Walpole) with 65.7 MWdc of aggregate generation capacity. Projects were developed by First Solar and GE Energy Financial Services under the Ontario government’s RESOP program.

100% of power produced is sold under 20-year Power Purchase Agreements (PPAs)

IESO

2013 and onward (20 years following COD)

Energy Infrastructure

Operational (COD between December 2013 and March 2014)

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.

100% of power produced is sold under 20-year Power Purchase Agreements (PPAs)

IESO

2033 and 2034 (20 years following COD)

Energy Infrastructure

Operational (construction completed in October 2014)

Four solar PV facilities (Kapuskasing, Ramore, Mattawishkwia and Wainwright) with 42.8 MWDC of aggregate generation capacity developed by Axium Infrastructure in 2014 under the Ontario Power Authority’s FIT Program.

100% of power produced is sold to the OPA under 20 year Power Purchase Agreements (PPAs)

IESO

2034 (20 years following COD)

Transportation infrastructure

Operational (COD in October 2007)

Design, construction, financing and operation of 11km of new four and six-lane divided roadway forming the southeast quadrant of a larger ring road around the City of Edmonton, as well as maintenance of the existing southwest portion of the highway

Province of Alberta

2037 (30 years following COD)

Energy Infrastructure

Operational (COD in February 2011)

Dokie is a 144 MW wind farm located on the top of two mountain ridges in the Peace River District of Northern British Columbia.

100% of power produced is sold under a 25-year Power Purchase Agreement (PPA).

BC Hydro

2036 (25 years following COD)

Transportation infrastructure

Operational (COD in June 2010)

Capacity and safety improvements to the 100km of roadway between West Vancouver and Whistler, as well as the design, construction, financing, operations, maintenance and rehabilitation of the two to four-lane roadway

Province of British Columbia (rated Aaa by Moody’s, AAA by S&P, AA (high) by DBRS)

2030 (concession term: 25 years)

Energy Infrastructure

Operational (COD in May 2010)

Toba Montrose consists of 2 run-of-river hydroelectric facilities with 235 MW of aggregate generation capacity located within the Toba Montrose River Watershed, 100 km north of Powell River and 190 km northwest of Vancouver.

100% of power produced is sold under a 35-year PPA

BC Hydro

2045 (35 years following COD)

Energy Infrastructure

Operational (COD in August 2016)

Run-of-river hydro facility located 10km downstream of East Toba River with a total capacity of 62 MW.

100% of power produced is sold under a 40-year Power Purchase Agreement (PPA).

BC Hydro

July 2056 (40 years following COD)

Social infrastructure

Operational

Project involves the design, construction, financing and operation of a 68,500 m2 state-of-the-art clinical research centre facility focused on innovation, non-invasive human exploration and knowledge transfer for health care services and teaching.

100% availability-based (no exposure to volume / market risk)

CHUM Hospital (payments supported by the province of Québec)

2043

For more information, visit: http://crchum.chumontreal.qc.ca/en