AXIUMAXIUM

Highly diversified North American portfolio
Over 100 Core Infrastructure Assets

Brooklyn Navy Yard Cogeneration Facility
Asset Type Energy Infrastructure (Natural gas power generation)
Status Operational (COD in 1996)
Asset Description Brooklyn Navy Yard (BNY) is a 286 MW nominally rated 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.
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Northwestern BC Hydroelectric Facilities
Asset Type Energy Infrastructure
Status Operational (COD between October 2014 and October 2015)
Asset Description Three run-of-river hydroelectric facilities located near the Iskut River watershed in Northwestern British Columbia with a total installed capacity of 303 MW.
Asset Revenues 100% of power produced is sold to BC Hydro under a fully inflation-indexed 60-year Power Purchase Agreement (PPA).
Counterparty BC Hydro (rated Aaa by Moody’s, AAA by S&P, and AA (high) by DBRS)
PPA Expiry Between October 2074 and October 2075
(60 years following COD)
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Axium Infinity Solar
Asset Type Energy Infrastructure
Status Operational
Asset Description 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.
Asset Revenues 100% of power produced is sold under 20-year Power Purchase Agreements (PPAs)
Counterparty IESO
PPA Expiry 2032 and onward
(20 years following COD)
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Axium Buckeye (OSU Concession)
Asset Type Energy and Social Infrastructure
Status Operational
Asset Description 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.
Asset Revenues 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.
Counterparty The Ohio State University (S&P: AA; Moody’s: Aa1)
Concession Expiry 2067
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Axium US Clean Energy
Asset Type Energy Infrastructure (Natural gas power generation)
Status Middletown : Operational
Kings Mountain : In construction (COD expected in August 2018)
Asset Description The portfolio consists of two conventional generation assets that will utilize state-of-the-art Mitsubishi Hitachi Power Systems combined-cycle technology. Middletown Energy Center (MEC) is a 478 MW CCGT located in Western PJM (Ohio). Kings Mountain Energy Center (KMEC) is a 470 MW CCGT located in North Carolina.
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Axium US Solar Holdings
Asset Type Energy Infrastructure
Status Operational
Asset Description 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.
Asset Revenues All of the assets benefit from long-term, fixed-price contracts with creditworthy counterparties, and terms ranging from 15 to 25 years.
Counterparty Georgia Power, Imperial Irrigation District, Modesto Irrigation District
PPA Expiry 2027 to 2037
(15 years, 20 years and 25 years following COD)
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Axium Solarlight
Asset Type Energy Infrastructure
Status Operational
Asset Description 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.
Asset Revenues 100% of power produced is sold under 20-year Power Purchase Agreements (PPAs)
Counterparty IESO
PPA Expiry 2034 for 2 assets and 2035 for the other
(20 years following COD)
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K2 Wind Farm
Asset Type Energy Infrastructure
Status Operational
Asset Description 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 projects in Ontario.
Asset Revenues 100% of power produced is sold under a 20-year Power Purchase Agreement.
Counterparty Independent Electricity System Operator (IESO)
PPA Expiry 2035
(20 years following COD)
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Slate Creek Wind Farm
Asset Type Energy Infrastructure
Status Operational (COD in December 2015)
Asset Description 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.
Asset Revenues 100% of power produced is sold under a 20 year term Power Purchase Agreement (PPA).
Counterparty Kansas City Power & Light
PPA Expiry December 2036
(20 years following COD)
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Axium US Wind Portfolio
Asset Type Energy Infrastructure
Status Operational (COD dates between 2008 and Q1 2016)
Asset Description 1,600 MW wind portfolio consisting of 13 assets in 7 states:
Wheat Field (97 MW), Rattlesnake Road (103 MW), Pioneer Prairie I & II (300 MW), Meridian Way (201 MW), Blue Canyon V (99 MW), Timber Road II (99 MW), Headwaters (200 MW), Rising Tree I & II (99 MW), Rising Tree III (99 MW), Rose Rock (100 MW) and Ad Astra (199 MW).
The assets 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.

Asset Revenues & Counterparties 100% of power produced is sold to creditworthy investor owned utilities, municipal power agencies, and government entities under PPA with weighted average remaining life of 16 years.
PPA Expiry 2023 – 2039
(Between 15 and 25 years )
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Vents du Kempt Wind Power Facilities
Asset Type Energy Infrastructure
Status Operational (construction completed in December 2014)
Project Description The Vents du Kempt wind farm is composed of 44 wind turbines each having a nameplate capacity of 2.3 MW in the municipalities of Causapscal and Sainte-Marguerite-Marie in the municipal regional county of Matapédia, Quebec. The project has executed a 20 year power purchase agreement with Hydro-Québec Distribution as a result of a successful bid in the 2005 call for tenders for 2,000 MWs of wind power. The commercial operation date is scheduled to occur on December 1st 2014.
Asset Revenues 100% of power produced is sold under a 20-year Power Purchase Agreement (PPA)
Counterparty Hydro-Québec
PPA expiry December 2034
(20 years following COD)
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Saint-Robert-Bellarmin Wind Farm
Asset Type Energy Infrastructure
Status Operational
Asset Description
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.
Asset Revenues 100% of power produced is sold under a 20-year Power Purchase Agreement.
Counterparty Hydro-Québec
PPA Expiry 2032
(20 years following COD)
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De l’Érable Wind Farm
Asset Type Energy Infrastructure
Status Operational
Asset Description 100 MW wind farm with 50 E82 Enercon Turbines
Asset Revenues 100% of power produced is sold under a 20-year Power Purchase Agreement (PPA).
Conterparty Hydro-Québec
PPA Expiry 2033
(20 years following COD)
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Axium Solar
Asset Type Energy Infrastructure
Status Operational
Assets Description 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
Assets Revenues 100% of power produced is sold to the IESO under 20-year Power Purchase Agreements (PPAs)
Counterparty IESO
PPA Expiry 2030 / 2031
(20 years following COD)
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Brockville and Beckwith
Asset Type Energy Infrastructure
Status In construction
Project Description Two solar PV facilities (Brockville and Beckwith) with 24.4 MWdc of aggregate generation capacity located near Brockville and Ottawa, Ontario.
Project Revenues 100% of power produced is sold to the OPA under 20-year Power Purchase Agreements (PPAs)
Conterparty Ontario Power Authority
PPA Expiry 2033 – 2034
(PPA term: 20 years following COD)
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Portfolio of Renewable Wind Energy Facilities
Asset Type Energy Infrastructure
Status Operational
Asset Description Equity interest in a renewable energy portfolio representing 658.8 MW of fully contracted generation capacity. The portfolio comprises
10 assets located across 4 provinces (BC, ON, NB, PEI): Harrow (40 MW), AIM SOP (40 MW), Plateau (27 MW), Pointe-aux-Roches (48.6 MW), East Lake St. Clair (99 MW), Erieau (99 MW), Norway (9 MW), West Cape (99 MW), Caribou (99 MW) and Cape Scott (99 MW).
Asset Revenues 100% of power produced is sold to the OPA under 20-year Power Purchase Agreements (PPAs)
Conterparty IESO
PPA Expiry Between 2028 and 2033
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ABW Solar PV Facilities
Asset Type Energy Infrastructure
Status Operational
Asset Description 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.
Asset Revenues 100% of power produced is sold under 20-year Power Purchase Agreements (PPAs)
Counterparty IESO
PPA Expiry 2013 and onward
(20 years following COD)
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Borealis Solar PV Facilities
Asset Type Energy Infrastructure
Status Operational
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 Ontario Power Authority
PPA Expiry 2034 and onward (20 years following COD)
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Northern Solar PV Facilities
Asset Type Energy Infrastructure
Status Operational (construction completed in October 2014)
Asset Description 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.
Asset Revenues 100% of power produced is sold to the OPA under 20 year Power Purchase Agreements (PPAs)
Counterparty Ontario Power Authority
PPA expiry 2034 (20 years following COD)
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Axium Western Wind Energy
Asset Type Energy Infrastructure
Status Operational
Asset Description Dokie is a 144 MW wind farm located on the top of two mountain ridges in the Peace River District of Northern British Columbia. The project is the largest operating wind farm in BC.
Asset Revenues 100% of power produced is sold under a 25-year Power Purchase Agreement (PPA).
Conterparty BC Hydro
PPA Expiry 2036
(25 years following COD)
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Axium Western Hydro Energy
Asset Type Energy Infrastructure
Status Operational
Asset Description 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. The project is the largest privately held operating run-of-river station in BC.
Asset Revenues 100% of power produced is sold under a 35-year PPA
Conterparty BC Hydro
PPA Expiry 2045
(35 years following COD)
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Jimmie Creek Hydroelectric Facilities
Asset Type Energy Infrastructure
Status Operational (COD in August 2016)
Asset Description Run-of-river hydro facility located 10km downstream of East Toba River with a total capacity of 62 MW.
Asset Revenues 100% of power produced is sold under a 40-year Power Purchase Agreement (PPA).
Counterparty BC Hydro
PPA Expiry July 2056
(40 years following COD)
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Train Maintenance Centre
Asset Type Transportation Infrastructure (Greenfield PPP)
Status In construction
Project Description 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
Project Revenues 100% availability-based (no exposure to volume / market risk)
Counterparty Réseau de transport métropolitain (RTM) (formerly AMT: agency of the government of Québec coordinating public transportation services across the Montreal region)
Concession Expiry 2048
(concession term: 30 years after substantial completion)
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Montreal Gateway Terminals
Asset Type Transportation Infrastructure
Status Operational
Project Description Largest container terminal operator at the Port of Montreal
Operates two of the Port’s four international terminals
2017 container volume of 860,000 TEU1
Asset Revenues Container handling revenues, with rates ($/container basis) determined in medium-term contracts with each shipping line
Key Stakeholders Lease: Port of Montreal
1TEU stands for twenty-foot equivalent container units.
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Highway 407
Asset Type Transportation infrastructure
Status Operational
Asset Description 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.
Asset Revenues 100% toll-based (all-electronic tolling)
Concession Expiry 2098 (concession term: 99 years)
Project Website For more information visit: www.407etr.com
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Anthony Henday Drive Southeast Leg Ring Road
Asset Type Transportation infrastructure
Status Operational (COD in October 2007)
Asset Description
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
Counterparty Province of Alberta
Concession Expiry 2037 (30 years following COD)
Asset’s Website For more information visit: www.lafargeinfrastructure.ca/Index.aspx
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Sea-to-Sky Highway
Asset Type Transportation infrastructure
Status Operational (construction completed in June 2010)
Asset Description 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.
Asset Revenue Availability, usage, and safety payments
Counterparty Province of British Columbia
Concession Expiry 2030
(concession term: 25 years)
Asset Website
For more information visit: www.th.gov.bc.ca/seatosky/index.htm
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Portfolio of long-term care facilities
Asset Type Social Infrastructure
Status Operational
Asset Description Portfolio of 35 long-term care homes
Asset Revenues Long-term care homes are regulated and funded by the provincial governments. Residents are also typically subject to a co-payment. Funding rates are set by the government on an annual basis in each province.
Counterparty Provincial health ministries or regional agencies responsible for long term care in each province
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Sorel-Tracy Detention Facility
Asset Type Social infrastructure
Status Operational (substantial completion achieved in May 2016)
Asset Description Design, construction, financing and facility maintenance of a ~23,400m2 provincial detention centre comprising 300 jail cells and 80 additional beds spread across several dormitories. The detention centre will accommodate discontinuous and short term sentences (less than 2 years).
Asset Revenues 100% availability-based (no exposure to volume / market risk)
Counterparty Société Québécoise des infrastructures (payments supported by Province of Québec)
Concession Expiry 2043
(concession term: 30 years)
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Etobicoke General Hospital Phase 1 Patient Tower
Project Type Social Infrastructure (Greenfield PPP)
Status In construction (substantial completion expected in 2018)
Project Description 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.
Project Revenues 100% availability-based (no exposure to volume / market risk)
Counterparty The William Osler Health System.
Concession Expiry 2048 (30 years following substantial completion)
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Montréal University Hospital Research Center
Asset Type Social infrastructure
Status Operational
Project Description 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.
Asset Revenues 100% availability-based (no exposure to volume / market risk)
Counterparty CHUM Hospital (payments supported by the province of Québec)
Concession Expiry 2043
Asset Website For more information, visit:
http://crchum.chumontreal.qc.ca/en
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